Without a doubt about Metro Council takes aim at payday lending techniques

Without a doubt about Metro Council takes aim at payday lending techniques

Advocate staff photo by BILL FEIG — Payday kind loans in a mall near North Donmoor Avenue and Florida Blvd.. The Metro Council on Wednesday will need an ordinance up that proposes to limit pay check loan providers. It could avoid pay that is new loan providers from to be able to find within 1000 legs of residential areas, current pay check lenders, pawn stores, churches, general general public libraries, schools, time care centers, general general general public areas, play grounds, and companies that offer liquor or gambling enterprises. This work follows various other unsuccessful attempts to modify pay lending in the legislature this summer day. Council users specifically raised issues concerning the expansion among these companies on Florida Boulevard.

Advocate staff photo by BILL FEIG — Payday type loans in a building near Lobdell Avenue and Florida Blvd.. The Metro Council on Wednesday will require an ordinance up that proposes to limit pay check loan providers. It could avoid brand new pay check lenders from having the ability to find within 1000 legs of domestic areas, current pay day lenders, pawn stores, churches, general general public libraries, schools, time care centers, general general public areas, play grounds, and companies that offer liquor or gambling enterprises. This work follows various other failed attempts to modify pay day financing in the legislature come early july. Continue reading “Without a doubt about Metro Council takes aim at payday lending techniques”