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Metro Council takes aim at payday financing practices
Metro Council takes aim at payday financing techniques
Proposed ordinance would restrict where companies which can be brand brand new begin
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 demand an ordinance up that proposes to restrict pay check financial institutions. It might avoid pay that is brand new creditors from to be able to find within 1000 base of domestic areas, current pay check loan providers, pawn shops, churches, general average man or woman libraries, schools, time care facilities, fundamental general average man or woman areas, play grounds, and businesses that offer alcohol or gambling enterprises. This work follows some other unsuccessful tries to alter pay check financing when you look at the legislature come early july. Council users specifically raised issues with regards to the expansion of the companies that are continuing Florida Boulevard.
Advocate staff photo by BILL FEIG — Payday sort loans in a building near Lobdell Avenue and Florida Blvd.. The Metro Council on Wednesday takes an ordinance up that proposes to restrict pay check financial institutions. It may avoid brand pay that is new financial institutions from in order to locate within 1000 feet of domestic areas, present pay check financial institutions, pawn shops, churches, general general public libraries, schools, time care facilities, fundamental general average man or woman areas, play grounds, and businesses that provide alcohol or gambling enterprises. This work follows many other attempts that are unsuccessful alter pay lending into the legislature come early july time. Council people specifically raised problems regarding the expansion of these organizations on Florida Boulevard.
Advocate staff photo by BILL FEIG — Payday sort loans in a plaza near North Sherwood Forest Blvd. and Florida Blvd.. The Metro Council on Wednesday will be needing an ordinance up that proposes to limit pay check creditors.
