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On August 18, Missourians for Equal Credit Opportunity filed a lawsuit challenging the initiative petition filed by Missourians for Responsible Lending which seeks to cap the rate on predatory loans. They are challenging the official ballot title approved by the Secretary of State. Both the Secretary of State and State Auditor are listed as defendants in the case.

Once again, the Industry proves it has no friends. The plaintiff, John Prentzler, is identified only as a citizen in the press release, but is actually the Director of Automotive Operations at QC Holdings – one of the biggest payday lenders in the nation. This isn't surprising; last year in a series of public field hearings on payday lending reform, the only people who spoke in favor of the Industry were industry employees.

Miss Liberty wonders: Just who are Missourians for Equal Credit Opportunity? James C. Thomas III, a KC lawyer is their treasurer. They reported on August 19, under the 48 hour reporting rule, a donation of $200,000 from Missourians for Responsible Government. But which Missourians for Responsible Goverment?

Missourians for Equal Credit Opportunity should really be Missourians for Gouging Your Neighbor.

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