JEFFERSON CITY, Mo. (AP) — Missouri consumers may soon find it easier to turn to their local banks to get a short-term loan until their next paycheck.
Governor Jay Nixon signed legislation Friday that will double or triple the fees that Missouri-chartered banks can charge for short-term cash advances.
Bank officials have said that the state's current maximum-allowed fees of $25 or 5 percent of a loan don't provide enough financial incentive for many banks to offer the short-term loans. The bill raises the fee cap to $75 or 10 percent of a loan's value.
The legislation could help banks compete with payday lenders, but it faced no opposition from the payday loan industry.
Some consumer advocates raised concerns about the bill, but only after it passed.
WASHINGTON (AP) — The immediate and the institutional are on a collision course in the Senate, where majority Democrats want to erode the right of minority Republicans to block confirmation of President Barack Obama's picks for key administration posts.
On one side is the fate of Obama's choices to head the Labor Department and the Environmental Protection Agency and for seats on the National Labor Relations Board, which settles collective bargaining disputes.
On the other side is the near certainty that once weakened, the rights of the Senate minority would be reduced even further the next time either party wants to jam through a four-year appointment to the Cabinet or lifetime seat for a justice whose confirmation might tilt the balance of power on the Supreme Court for a decade or more.
SANFORD, Fla. (AP) — Jurors have left the courtroom to resume their deliberations in George Zimmerman's murder trial.
Jurors reconvened in the courtroom at 9 a.m. Saturday and will continue discussing whether Zimmerman committed second-degree murder when he fatally shot 17-year-old Trayvon Martin last year.
Jurors deliberated for three and a half hours Friday and decided to stop in the evening. About two hours into their discussions, they asked for a list of the evidence.
Zimmerman claims he shot Martin in self-defense last year.
On Friday, as the jury began their discussions, police and civic leaders in this Orlando suburb went on national television to plead for calm in Sanford and across the country, no matter what the verdict.