Nixon Vetos Bill On Payday Loans

payday loansIt’s been a busy week for Governor Jay Nixon as he has signed and vetoed several bills. Some of the pieces of legislation approved include a bill which extends a program providing prescription drug assistance to older Missourians and those with disabilities. Another bill signed by the Governor creates a new license for assistant physicians. Several measures were also vetoed this week. For example, Nixon vetoed two bills dealing with payday loans and short term installment lenders. The governor says one bill does not provide true reform to payday lending while the other takes away the authority of local governments to protect consumers. A total of ten bills were approved by Nixon Thursday while five were vetoed.

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