Cities, Lenders Resume Battle Over High-Interest Loans. Tower Loan in Liberty is sandwiched in a strip shopping center, a lending that is payday on its left and a income tax preparation workplace on its right.

Cities, Lenders Resume Battle Over High-Interest Loans. Tower Loan in Liberty is sandwiched in a strip shopping center, a lending that is payday on its left and a income tax preparation workplace on its right.

Bill Before Missouri Gov. Mike Parson Would Undermine Municipal Regulations

Barbara Shelly

Above image credit: Abby Zavos worked difficult to pass an ordinance managing high-interest financing in Liberty, but fears her efforts will soon be undercut. (Barb Shelly | Flatland)

Tower Loan in Liberty is sandwiched in a strip shopping center, a payday lending store on its left and a tax planning workplace on its right.

It includes cash that is quick few questions asked. It really is 1 of 2 companies suing Liberty throughout the city’s attempt to control high-interest financing. And, and also other installment loan providers, Tower Loan are at the biggest market of issues about a bit of legislation presently sitting in the desk of Missouri Gov. Mike Parson.

From the Friday prior to the Memorial Day week-end, Jeff Mahurin invested just a minutes that are few the Liberty branch workplace. “I became just paying down the thing I owed,” he said. “I got my stimulus check.”

Mahurin, that is in a jobs program that is training stated he took away that loan in October after their spouse was hurt on her behalf task and additionally they had been in short supply of money to pay for bills.Continue reading