HB329 is just as bad

Posted: September 11, 2013 in Uncategorized
Tags: ,

This year will be remembered as “bad bill” year. Out of the looney bin of our Missouri Legislature comes HB 329, vetoed by the Governor but now re-approached with an attempt to sustain it by the MO House.

It is a funky bill with a smattering of financial components, one of which is submerged deep in the bill: a provision that protects predatory payday loan companies. This morally offensive payday loan industry runs rampant, unchecked, and preys upon the most vulnerable. Of course, it is favored and protected by certain special interests.

The Governor’s veto of HB 329 must not be overturned.

 

 

 

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