Faith Voices of Southwest Missouri

Ryan Welch / KSMU

Rep. Lynn Morris says his bill attempting to cap the interest rates charged by payday lenders will have to wait until next year.

Morris, a Republican from Ozark, spoke in Springfield Friday a week before lawmakers end this year’s legislative session. His bill would place a cap of 36 percent on what payday and title loaners can charge customers.

“It’s going to take more than a year to pass this bill, but what I promise to you all is I will make this one of my priorities.”

Royce Reding
Michele Skalicky / KSMU

Update 3:30 pm: A vote on a bill to repeal and replace the Affordable Care Act has been delayed, as NPR reports. There were not enough votes to pass the bill as of Thursday afternoon, although a vote could come Friday.

Original story:

Scott Harvey / KSMU

Unity was among the keywords recited during an interfaith service Friday morning in Springfield just as inauguration festivities were beginning in Washington, D.C.

Roughly two dozen faith and community leaders offered prayers, readings and musical selections inside historic Washington Avenue Baptist Church at Drury University. Many called for strengthening goodwill toward others amid a divisive political climate.

Rev. Mark Struckhoff said the purpose was to “pray for love to reign.” 

City of Springfield

A resolution passed by Springfield City Council asks the Consumer Financial Protection Bureau to address “potential deficiencies” in its proposed rule regarding pay day and car title loans.

Members of Southwest Missouri Faith Voices talked to council Monday night about the problems they say high interest loans cause people already living in poverty.

Michele Skalicky / KSMU

Faith Voices of Southwest Missouri organized the event to draw attention to people who have taken out pay day or title loans and who can’t get out of the cycle of debt.  They want the Missouri legislature to cap the interest rate on those types of loans at 36 percent.  According to Mark Struckhoff, executive director of Council of Churches of the Ozarks, the average rate in Missouri is 451 percent.

Jennifer Trogdon spoke at the rally—she knows firsthand how difficult it can be to get out from under a high interest loan.