Morning Minutes: KC-area payday lenders arrested, Legislature nixes home health wage hikes

Here are today’s top business headlines from across Missouri:

Feds arrest two KC-area men in $2 billion payday lending enterprise

Two Kansas City-area payday lenders long accused of collecting outrageous interest fees now face federal charges — and demands that they forfeit to the government billions of dollars in business proceeds. Read more

Legislature nixes wage hikes for home health workers

In action Wednesday, the Missouri House voted 125-34 to block the wage increases for home health workers, saying the way Nixon put the raises on the books was technically illegal. Read more

Canadian company buying Joplin’s Empire District Electric for $2.4 billion

Empire District Electric Company, a Joplin-based utility, has entered into an agreement to be acquired by a Canadian company for $2.4 billion. Read more

Lawmakers vote to strip UM System of funding increase

The University of Missouri System was stripped of the governor’s recommended $26.8 million performance funding increase by a legislative committee Wednesday. Read more

KC Public Schools officials offer master plan for district

Officials for Kansas City Public Schools rolled out their master plan for the district on Wednesday night, calling for student, teacher and administrator moves and a new district-sponsored charter school. Read more

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