Missouri Nursing Homes Can No Longer Offer Payday Loans

SEPTEMBER 12, 2006 - Posted at 3:48 p.m. CDT

JEFFERSON CITY, MO - The state has told about 60 Missouri nursing homes to stop running payday loan operations at the homes.

Governor Blunt's office today says the nursing homes have offered payday loans to their workers.  But they need permission to run another type of business at the home, and the state health department began denying those renewal requests last month.

Blunt says payday loan companies usually charge very high fees and should not be preying on hard-working nursing home employees.  He says rules allow nursing homes to operate activities only directly related to running the homes.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)