house bankign committee

401 (K) 2013 / FLICKR

  Three Missouri lawmakers want to put regulations on what some call 'legal loans', or loans issued to help keep people afloat during lawsuits.

 

Missouri currently does not regulate these lenders. However lobbyist Eric Schueller, who lobbies on behalf of the lenders, testified in favor of one of the bills during yesterday’s hearing of the House Banking Committee.