Organizers Suspend Legal Challenges for Payday Loan, Minimum Wage Initiatives

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Legal challenges won’t go forward to get initiatives raising the minimum wage and restricting “payday” loans on the ballot, according to organizers of the two efforts.

Secretary of State Robin Carnahan’s office announced in August that initiative petitions to raise the minimum wage to $8.25 an hour and restrict interest rates on payday loans didn’t receive enough signatures in two St. Louis-based congressional districts. Spokespeople for the campaigns signaled they would pursue legal means to reexamine the decision.

But the two groups announced in a joint press release sent out on Monday morning that they would “suspend” their legal challenge, noting that the groups “reluctantly concluded that the legal hurdles erected by the payday lending industry, their allies and their lawyers are too high for us to cross before the Sept. 21 deadline for finalizing the November ballot.”

Read more on St. Louis Beacon.


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