Blunt, Missouri GOP Again Fail to Answer the Call on Payday Lending

Jay Nixon, Rita Days and others want to see some legislation passed that would put a stop to the usurious practices that have become commonplace on the part of payday lenders in our state.  Among other reforms...

They want to cap payday loan interest rates at 36 percent and eliminate
the practice of renewing loans, which they say is prohibited in other
states.

I'm sure payday vultures lenders will find a way to stay in business even if they can charge "only" 36% interest.  But apparently, Matt Blunt and key Republican legislators have little interest in helping protect vulnerable Missourians from predators:

Nixon challenged Gov. Matt Blunt to join in supporting the reform legislation.

Messages
left for a spokeswoman for Blunt, and for Sen. Delbert Scott, R-Lowry
City, chairman of the Senate Financial Governmental Organizations and
Elections Committee, were not immediately returned. Senate President
Pro Tem Michael Gibbons was on vacation and unavailable, his
spokeswoman said.

So none of these GOP leaders, all usually eager for the spotlight, bothered to weigh in on the subject of payday lending reform.

I can't for the life of me figure out why that might be.

I guess Missourians will just have to wait for a Democratic majority in the assembly before common-sense restrictions on payday lending get passed.  On the plus side, the wait might not be long.