Pay Day Alert. There’s a bill floating around the House that might sound like reform, but it won’t pass the smell test. Yes, it lowers the APR for 1,950 percent to 1,450 percent. Whoopee. We could still brag that we provide the least consumer protection from predators, followed by Mississippi with an APR of 572 per cent. We hear Mike Talboy (HD37) might encourage some Dems to sign on to this bill. They’ll be embarrassed if they do. This is a pro pay day industry bill, dressed up as reform, but just the same old shell game that allows sharks to snack on Missourians.