Installment loan providers established a group that is separate remain true Missouri, to battle the rate-cap effort — also to distinguish on their own from payday lenders.

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Installment loan providers get in on the fray Because the team’s site put it, “special interest teams masquerading as grass-roots, faith-based alliances” had been not merely targeting pay day loans but in addition “safe” kinds of credit such as for example installment loans. “Stand Up Missouri doesn’t express payday financing or payday passions,” the team stated with its pr announcements. …