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July 3, 2013Jefferson City, MO |  By: AP

Nixon Vetoes Lending

Missouri Gov. Jay Nixon has vetoed legislation on fees for certain types of loans and on voting by elected officials during public meetings.

The two bills were among four vetoed by Nixon on Tuesday. Nixon criticized the measure that would have raised the fees that lenders could charge for payday, title and consumer installment loans. The Democratic governor said the bill would have helped payday lenders increase their profits at the expense of people struggling with debt. Nixon was also critical of a bill to allow certain elected officials cast votes by video conference rather than in person during public meetings without showing a good reason for doing so. He says officials may use technology to participate in meetings but should be expected to show up for votes.