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Installment loan providers join the fray

Installment loan providers join the fray

Installment loan providers established a split team, remain true Missouri, to fight the rate-cap effort — and also to distinguish on their own from payday loan providers.

Whilst the team’s web site put it, “special interest teams masquerading as grass-roots, title loans Tennessee faith-based alliances” had been not merely targeting pay day loans but in addition “safe” types of credit such as for example installment loans. “Stand Up Missouri doesn’t express payday financing or payday passions,” the team stated in its press announcements.