Victory: Supreme Court Upholds Citizens' Petitions to Cap the Rate and Raise the Wage

“Today's ruling is great news for the 350,000 Missourians who signed petitions to cap the rate on payday loans and raise our minimum wage," said Rev. James Bryan, Treasurer for Missourians for Responsible Lending. “The payday lenders and corporate special interests have tried everything in the book to silence Missourians and keep these petitions off the ballot-- unsuccessfully.  We are happy to put this very long legal process behind us.”

“We expect the Secretary of State to certify signatures for the petitions to raise the minimum wage and cap payday loan interest rates in the coming days, and look forward to the final months of this two year campaign and victory in November,” said Rev. Dr. James T. Morris, Treasurer of Give Missourians a Raise. “Today is a great day for the working people of Missouri.”

Today's full ruling is online here: http://www.courts.mo.gov/file.jsp?id=55770