Payday Loans http://kcur.org en Orgs Seek Alternatives To Powerful, Expensive Payday Loans http://kcur.org/post/orgs-seek-alternatives-powerful-expensive-payday-loans <p></p><p>Missouri is in the crosshairs of a national debate over payday loans. This is partly because the industry is huge and wields a lot of political power in the state, but also due to a growing, grass- roots consumer movement. Payday lenders say they provide necessary alternatives to more costly bank overdrafts and credit card debt, but consumer activists aren’t buying it, and are working to provide alternatives for short term loans.</p> Tue, 22 Oct 2013 12:49:15 +0000 Laura Ziegler 45596 at http://kcur.org Orgs Seek Alternatives To Powerful, Expensive Payday Loans The Payday Playbook: How High Cost Lenders Fight To Stay Legal http://kcur.org/post/payday-playbook-how-high-cost-lenders-fight-stay-legal <p></p><p><em style="line-height: 1.5;">A version of this story was co-published with the <a href="http://www.stltoday.com/">St. Louis Post-Dispatch</a>.</em></p><p>As the Rev. Susan McCann stood outside a public library in Springfield, Mo., last year, she did her best to persuade passers-by to sign an initiative to ban high-cost payday loans. But it was difficult to keep her composure, she remembers. A man was shouting in her face.</p> Wed, 07 Aug 2013 14:57:00 +0000 Paul Kiel & ProPublica 41554 at http://kcur.org The Payday Playbook: How High Cost Lenders Fight To Stay Legal Payday Loans Elude Stiffer Regulation In MO http://kcur.org/post/payday-loans-elude-stiffer-regulation-mo <p></p><p><span style="line-height: 1.5;">Payday lenders are notorious for their sky high interest rates, and the people who use these storefront creditors are oftentimes the ones least able to pay.</span></p><p>In the first part of Wednesday's <a href="http://kcur.org/programs/date"><em>Up to Date</em></a>, Steve Kraske talks with ProPublica reporter <a href="http://www.propublica.org/site/author/paul_kiel" target="_blank"><strong>Paul Kiel </strong></a>about the situation in Missouri, where attempts to regulate these businesses—such as capping interest rates—keep getting defeated. &nbsp;</p> Tue, 06 Aug 2013 23:00:00 +0000 Beth Lipoff & Steve Kraske 41506 at http://kcur.org Payday Loans Elude Stiffer Regulation In MO KC Civil Rights Summit http://kcur.org/post/kc-civil-rights-summit <p>On this Monday&#39;s<strong><a href="http://kcur.org/programs/central-standard"><em> Central Standard</em></a></strong> we speak with <strong>Ayanna Hightower-Mannon</strong> and <strong>Paul Pierce</strong>, who work in<a href="http://www.kcmo.org/CKCMO/Depts/CityManagersOffice/HumanRelationsDivision/CivilRightsEnforcementSection/index.htm"><strong> Kansas City&#39;s Civil Rights Division</strong></a>.</p><p> Mon, 23 Apr 2012 15:01:58 +0000 Andrea Silenzi, Jabulani Leffall & Charlie Upchurch 16415 at http://kcur.org KC Civil Rights Summit Rebuilding Prospect, Revelations Of Ancient Peru, Remembering Past World’s Fairs http://kcur.org/post/rebuilding-prospect-revelations-ancient-peru-remembering-past-world-s-fairs <p><span style="color: rgb(68, 68, 68); font-family: Georgia, Times, serif; font-size: 15px; line-height: 22px; ">The show for April 8, 2012. Click &quot;Listen&quot; to hear the entire show; see below for individual stories.</span></p><p> Fri, 06 Apr 2012 17:41:09 +0000 Susan B. Wilson & Alex Smith 15571 at http://kcur.org Rebuilding Prospect, Revelations Of Ancient Peru, Remembering Past World’s Fairs 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 New Alternative to Payday Loans http://kcur.org/post/new-alternative-payday-loans <p class="legacy-audio-url"> <div class="audio-container"> <div id="jp-interface-53d7a52547cb4-" class="jp-interface"> <div id="post-audio-53d7a52547cb4-" class="jp-player" jp-instance="53d7a52547cb4-"></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-926015.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, MO – The <b>Payday Loan Alternative Project</b>, a partnership between <a href="http://www.cco.org/" target="_blank">Communities Creating Opportunities</a> and the FDIC. The project intends to develop an alternative to payday loans for cash-strapped people.</p> Mon, 27 Sep 2010 20:11:13 +0000 Susan B. Wilson 7096 at http://kcur.org