Prop S seeks more legislation of pay day loans in St. Louis; supporters say state is failing
While St. Louis voters decide among mayoral and candidates that are aldermanic the town’s primary election next Tuesday, they’ll also answer a concern about short-term loan providers.
Proposition S asks perhaps the populous town should impose an annual $5,000 charge on short-term loan establishments. Those consist of payday and car name loan providers, along with check cashing shops.
Alderman Cara Spencer, twentieth Ward, sponsored the legislation, putting issue from the ballot.Read More »Prop S seeks more legislation of pay day loans in St. Louis; supporters say state is failing