Category payday loans number

City Council Voted to Table Cash Advance Ordinances Once Again.

City Council Voted to Table Cash Advance Ordinances Once Again.

Springfield City Council voted to table discussion of ordinances that could ensure it is more difficult for people who own short-term loan companies. Since it appears, the pay day loan issue won’t be discussed once more until February.

The matter of regulating payday and name loans is a delicate one.

The problem is contentious for several states and municipalities as it’s a conflict that attempts to balance the freedom of business people in addition to security of the susceptible populace.

In June, Springfield City Council debated whether or not to split straight down on short-term lenders—but it wound up postponing the conversation until this autumn.

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