Hundreds of thousands of valid signatures were submitted to the Secretary of State earlier this year by Missourians demanding an opportunity to vote on proposals to rein in abusive lending practices and give hard-working neighbors and family members a well-deserved raise. Thousands of volunteers, more than 1,000 clergy and more than 500 congregations from every corner of Missouri came together -- when their elected leaders would not -- to move Missouri’s economy forward and end predatory business practices.
While we very disappointed that the measures to Cap the Rate and Raise the Wage will not be on the ballot this November as Missourians demanded, we are not deterred in the fight for economic justice in Missouri. The out-of-state payday lenders and corporations who have spent so much to protect their 400% interest rates and poverty wages are hoping this setback means we will quit our fight. But they will not have that satisfaction. Polling has consistently shown that more than 60% of Missouri voters support both measures, and the pressure to cap the rate and raise the wage by legislation or ballot measure will not go away.