Associated Press
Two Missouri organizations are working
together to push ballot measures seeking to cap payday loan
interest rates and increase the state minimum wage.
Missourians for Responsible Lending and Give Missourians A Raise
kicked off the two initiative petition campaigns Saturday. The
group Grass Roots Organizing hosted the joint event at the Boone
County Commission Chambers.
Each petition drive needs to collect roughly 105,000 valid signatures
from six of the state‘s nine congressional districts to appear on the
November ballot.
Opponents of capping the payday loan interest rate at 36 percent
already have amassed more than $500,000 for their campaign chests.
The other initiative seeks to boost the state minimum wage by a dollar
to $8.25 an hour.
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