State prohibits on-site nursing home payday loan operations

Share this article:

Missouri has informed nursing home operators they no longer will be able to operate on-site payday loan operations that lend money to employees.

About 60 nursing homes around the state currently operate payday loan operations in their facilities, according to a release from Gov. Matt Blunt (R).

Payday loans typically charge "exorbitant" amounts in interest to lenders, he said. Employers should not profit from the wages of "hardworking long-term employees," he said.
Share this article:

More in News

Large hepatitis outbreak reaches 47 cases, podiatry company denies ManorCare's charges

The number of people infected in an infamous North Dakota Hepatitis C outbreak has risen, state health officials say.

National Quality Forum supports quality measures in bill to standardize post-acute assessments

National Quality Forum supports quality measures in bill ...

The National Quality Forum has come out in strong support of a proposed standardized quality measures, such as skin integrity, across different types of post-acute care settings. Uniform assessments are ...

CMS changes mind on hospice drugs

The Centers for Medicaid & Medicare Services has revised guidance on authorization of hospice drugs for those under Medicare Advantage and Part D plans, according to a new memo.