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

Congressman requests briefing on nursing home five-star rating system

Congressman requests briefing on nursing home five-star rating ...

A leader in Congress has called for an evaluation of the nursing home five-star rating system in light of a recent New York Times article. Rep. Elijah Cummings (D-MD) requested ...

CMS: Discharge assessments must be completed when residents transfer to a non-certified ...

Skilled nursing facilities must complete a discharge assessment when a resident is transferred from a certified to a non-certified bed, even if both beds are in the same building, the Centers for Medicare & Medicaid Services emphasizes in a recent memorandum.

Focusing on a single word might improve nursing home residents' quality of ...

An affordable, easily implemented relaxation technique could improve nursing home residents' psychological well-being. It also could potentially boost their immune systems, according to recently published findings.