ST. LOUIS, Mo. (12/11/07)--Missouri lawmakers have pre-filed several bills of interest to credit unions, according to the Missouri Credit Union Association (Legislative Updates
Dec. 7). Bills include:
* Legislation that would move the division of finance, credit unions and professional registration, and the State Banking Board, to the Department of Insurance, Financial Institutions and Professional Registration, proposed by Sen. Delbert Scott (R-28); * A bill that would allow consumers to put security freezes on their credit reports, pre-filed by Sen. Michael Gibbons (R-15); * A bill that would criminalize residential mortgage fraud, submitted by Sen. Charlie Shields (R-34); * Legislation to limit the interest and other fees payday lenders charge and prohibit renewals of the loans, proposed by Rep. James Whorton (D-3); * Legislation that would amend laws regarding unsecured loans of $500 or less, submitted by Rep. David Day (R-148).
Lawmakers could pre-file bills starting Dec. 3. The Missouri General Assembly will meet Jan. 9.