Payday loans debated

November 17, 2009 | 12:01 a.m. CST

State Rep. Stephen Webber, D-Columbia, left, listens to fellow State Rep. Mary Still D-Columbia, as she questions United Payday Lenders of Missouri lobbyist Randy Scherr during his testimony at Monday night’s hearing at Columbia Public Library. Scherr said a significant proportion of customers of the payday lending industry are “financially savvy” individuals who are frustrated with traditional banking systems.


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