Remain true Missouri Coalition Launches to Rally Against State Cash Advance Ballot Initiative

Remain true Missouri Coalition Launches to Rally Against State Cash Advance Ballot Initiative

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Coalition Aims to Protect use of Safe and low-cost Lending Alternatives in Missouri

JEFFERSON CITY, Mo. /PRNewswire-USNewswire/ — Today, remain true Missouri, a non-partisan coalition which represents customers, companies, civic teams, and faith-based companies from throughout the state launched its effort to protect usage of safe and affordable conventional installment loans and also to oppose the Missouri pay day loan Ballot Initiative. The coalition strives to educate Missourians about conventional installment that is small-dollar, that may fade away in the event that ballot initiative passes.

“Missourians are now being expected to signal a petition for the ballot effort that could cap lending prices.

whilst the effort will be reported as an attempt to guard customers from pay day loans, it would really limit usage of all little loans, including useful conventional customer installment loans. These conventional loans help indiv Tom Hudgins , CEO and Chairman of remain true Missouri. ” These loans that are traditional help smaller businesses by giving borrowers using the funds they have to buy the organizations’ services and products. Read more