After months of wait, aldermen give approval that is initial restrictions on payday loan providers

After months of wait, aldermen give approval that is initial restrictions on payday loan providers
The St. Louis Board of Aldermen on Friday offered initial approval to legislation that could place brand brand new limitations on payday loan providers within the town. Local officials cannot regulate things such as the attention that loan providers charge regarding the short-term loans. Alternatively, the bills from Alderman Cara Spencer, D-20th Ward, need lenders to have a...