Back to PAYDAYLOAN News List

Nixon legislators call for curbs on payday lenders

St. Louis Post-Dispatch - ST. LOUIS — Missouri Attorney General Jay Nixon joined St. Louis-area legislators and clergy on Tuesday in calling for more state restrictions on the payday loan industry. "We need to make sure these loans are capped,'' said state Sen. Rita Days, D ...

Source: http://search.msn.com:80/news/results.aspx?q=payday
 

A payday loan or paycheck advance is a small, short-term loan (typically up to $1,500 in the U.S.) that is intended to bridge the borrower's cash flow gap between paydays.