banks http://kcur.org en The Effects of Restricting Payday Lending http://kcur.org/post/effects-restricting-payday-lending <p>Payday loan shops provide small, short-term loans. A typical loan ranges in size from $100 to $500, and must be repaid within two weeks. The industry contends that such loans help people pay for unforeseen expenses.</p><p>But many people believe that such loans are harmful because of the amount of interest charged. In the state of Missouri, the average APR on payday loans is above 400%.</p> Tue, 20 Sep 2011 17:00:00 +0000 Spencer Dudley 15479 at http://kcur.org The Effects of Restricting Payday Lending Barney Frank Praises Local Banks, Says Major Reform Likely By Memorial Day http://kcur.org/post/barney-frank-praises-local-banks-says-major-reform-likely-memorial-day <p class="legacy-audio-url"> <div class="audio-container"> <div id="jp-interface-53d329fb95829-" class="jp-interface"> <div id="post-audio-53d329fb95829-" class="jp-player" jp-instance="53d329fb95829-"></div> <div class="jp-controls column"> <div class="jp-progress"> <div class="jp-seek-bar"> <div class="jp-play-bar"></div> </div> </div><!-- end jp-progress --> </div><!-- end jp-controls --> <div class="playpause column"> <a href="http://stream.publicbroadcasting.net/production/mp3/kcur/local-kcur-894987.mp3" class="jp-play">Listen</a> <a class="jp-pause"></a> </div><!-- playpause --> <div class="jp-time-holder column"> <div class="jp-custom-current-time"></div> <div class="jp-custom-duration"></div> </div><!-- jp-time-holder --> <div id="slider"></div> </div><!-- .jp-interface --> </div><!-- container --> </p> <p>Kansas City – House Financial Services Committee Chairman Barney Frank predicts major banking reforms will be done by Memorial Day. He says that could help a couple of Kansas City banks that rank among the very strongest in the country. Local bank executives aren't so sure.</p> Wed, 07 Apr 2010 14:31:47 +0000 Frank Morris 6498 at http://kcur.org Barney Frank Praises Local Banks, Says Major Reform Likely By Memorial Day