Tagged: loans

Study: Corps made the right choice in breaching Birds Point

A new study says the Army Corps of Engineers made the right choice when it blew up a southeast Missouri levee last year.

Study co-author Ken Olson, a professor of soil sciences at the University of Illinois Champaign-Urban,a says river levels continued to rise even after the Birds Point-New Madrid Floodway was breached by explosives to relieve flooding pressure on Cairo, Ill.

Critics challenge Mo. measure to limit payday loan interest

The proposed ballot measure would cap interest, fees and charges for payday and car title loans at 36 percent per year.

Critics of the proposal filed a lawsuit in the state Capitol's home of Cole County. The suit contends a ballot summary for the proposal is inadequate and unfair and that the cost estimate for the proposal does not address all the possible costs.