Payday loans

An illustration of four women sitting next to each other eating cake while drinking wine outside a shoppe and ATM. The table theyre sitting at is a giant dollar bill. It has a pink, green, and red Parisian feel to the illustration.

Bringing more banking to north St. Louis County is more than opening a new branch

Eric Schmid

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

Kesha Thompson-Warren said small businesses should be able to get loans for lower amounts in order to prevent using payday lenders.

Government, Politics & Issues

Fewer Illinois residents using payday lenders after state capped interest rates

Amy Yee

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%.

Economy & Business

Payday loan regulations will be up for more discussion in Jefferson City

Wayne Pratt

There will be another attempt to pass a payday loan bill during next year's legislative session in Jefferson City. State Rep. Charlie Davis, R-Webb City,…

Although the payday loan industry has come under fire for high interest rates and other business practices, supporters say the operations fill a need for people who might not have easy access to money to help pay bills and cover other expenses.

Economy & Business

Is progress being made on Ferguson Commission's payday loan recommendations?

Wayne Pratt

The recommendations of the Ferguson Commission are being touted as a potential roadmap to move forward in the St. Louis region after this year's protests…

The Wealth Accumulation Center is located at 2828 Gravois Ave., and is a partnerships between Prosperity Connection and the St. Louis Community Credit Union. May 2017

Economy & Business

Financial center aimed at unbanked opens in south St. Louis

Maria Altman

The Wealth Accumulation Center is focused on helping low-income St. Louis residents with their finances.The new building at 2828 Gravois Ave., in the…

Alderman Jeffrey Boyd votes at Laclede School Tuesday afternoon. (March 7, 2017)

Government, Politics & Issues

St. Louis mayoral, aldermanic primary elections come to a close

Jason Rosenbaum

Updated at 7 p.m. with polls closing — Election officials said turnout was light for Tuesday's mayoral and aldermanic primary elections.Seven Democratic…

Government, Politics & Issues

Discussing the payday lending ballot measure, Proposition S, that St. Louisans will vote on tomorrow

Kelly Moffitt

Your support makes this program possible. Keep St. Louis Public Radio Strong. Donate today.On Monday’s St. Louis on the Air, we heard from St. Louis…

Tyson Richardet holds his son, Kwinton, 5, while surveying the damage to his auto body shop. (Perryville, March 1, 2017)

Health, Science & Environment

Behind the Headlines — Bomb threat suspect charges and tornado aftermath in Perryville

Alex Heuer

Your support makes this program possible. Keep St. Louis Public Radio Strong. Donate today.On Friday’s "Behind the Headlines" on St. Louis on the Air, we…

Economy & Business

Prop S seeks more regulation of payday loans in St. Louis; supporters say state is failing

Maria Altman

While St. Louis voters decide among mayoral and aldermanic candidates in the city’s primary election next Tuesday, they’ll also answer a question about…

A payday loan shop on Natural Bridge Avenue east of Union Boulevard. The high interest rate of payday loans can leave people on the hook for paying more in interest than the original loan.

Government, Politics & Issues

After months of delay, aldermen give initial approval to restrictions on payday lenders

Rachel Lippmann

The St. Louis Board of Aldermen on Friday gave initial approval to legislation that would put new restrictions on payday lenders in the city.Local…