Payday Loan Ballot Setback

JEFFERSON CITY, Mo. (AP) - A Missouri judge has dealt a setback to supporters of a ballot proposal that would limit interest rates on payday loans. Cole County Circuit Judge Dan Green ruled today that the ballot summary and financial estimate for the initiative are "inadequate" and "unfair" and "likely to deceive petition signers." If the ruling stands, proponents could have to start over gathering signatures to get the measure on a statewide ballot before a May 6th deadline.