JEFFERSON CITY, Mo. (AP) - Fees will be rising on some consumer loans under a law enacted when Missouri legislators overrode a veto by Governor Jay Nixon.
The fee increase will primarily affect smaller loans that are repaid over several months or years. It's not meant to affect payday loans, which can last no more than 31 days.
The measure doubles the origination fee that lenders can charge from 5 percent to 10 percent of the principal. But it leaves in place a $75 fee ceiling. The means lenders can charge the full 10 percent fee only on loans of up to $750 and can collect a few more dollars on loans of up to $1,500.
Lending industry lobbyists describe it as a minor change. But some consumer advocates don't like the new law.
Hundreds of new jobs are coming to the St. Louis area because of the Affordable Care Act.
The contract service company, Serco is hiring 600 people in Wentzville to do health insurance processing. Serco is a private firm that specializes in providing management, technical and other services to the federal government.
Starting today (Monday) through Friday Serco representatives will be meeting with job applicants at the National Information Solutions Cooperative at One Innovation Circle in Lake St. Louis. The company is asking that applications be submitted online at Serco's website.
Anyone who wants to apply in person can do so on Friday only, from 8:00 a.m. to 5:00 p.m.
For the first time ever, Fair St. Louis won't be held on the Arch grounds next year. Work on a $380 million plan to improve the downtown area around the Gateway Arch will get in the way.
Mayor Slay's office confirms the fair will have to move, but won't say where. But the St. Louis Post-Dispatch is reporting that it will likely be held in Forest Park.
The paper quotes St. Louis parks director Gary Bess as saying that he was told to plan for the event near the Grand Basin in Forest Park.
A formal venue announcement is expected in late October.