The Missouri Public Service Commission staff will recommend next month whether to draft a rule that stops allowing payday lenders to collect utility bill payments from customers.
The dispute has simmered for years. Critics say it’s ridiculous to collect utility payments at places they say provide loans at sky-high rates and target cash-strapped consumers. Customers pay off their utility bills but may find it too convenient to take out a loan to do so.
Utilities defend it as the best and most convenient option for some customers.