Tag: Payday loans



St. Louis Post-Dispatch business columnists are back in the Atrium this week debating new legislation aimed at regulating high-interest, short-term loans offered by “payday lenders”.

bottom line.preview-300The Missouri Legislature passed a bill to tighten regulations on payday lenders, but critics have dismissed it as phony reform. Jim Gallagher and David Nicklaus weigh in on the debate over how much payday lenders should be allowed to charge. Watch The Bottom Line video recorded at Olin.

Image: Payday loan shop. Dan Iggers, Flickr, Creative Commons