Loans

Midwest BankCentre's CEO says the new branch in Dellwood will pay dividends once it makes more connections in the community.

The challenge from coalitions of attorneys general, led by Kansas and Missouri, culminated in two preliminary injunctions of the Biden Administration's SAVE Plan on Monday.

The lawsuit was filed last month by Missouri Attorney General Andrew Bailey alongside seven other states.

High-cost consumer loans with interest high as 200% have plummeted since an Illinois law passed in March 2021 put a ceiling on interest rates at 36%.

The Missouri-based loan servicing organization pushed back Friday on allegations that it mismanaged a federal aid program, arguing the U.S. Department of Education is partially to blame for complaints included in a recent report.

The department is withholding payment from loan servicer MOHELA as 2.5 million borrowers didn't receive timely billing statements.

Resuming payments at pre-pandemic levels, which were on average $236 a month, could hit revenue from general sales tax and selective sales tax as people shift how they spend.

“The sectors of the economy where people are borrowing money, those are the sectors that have seen the most immediate effects of these interest rate increases,” said a local economist.

St. Louis-area advocates for housing equality demand that private banks and other lenders put a temporary stop to foreclosures during the COVID-19…

Missouri Treasurer Eric Schmitt is expanding a program that delivers low-interest loans to businesses. Schmitt was in St. Louis on Thursday to announce…