Metro Council takes aim at payday lending techniques

Proposed ordinance would limit online payday loans East Sussex where firms that are new start

Advocate staff photo by BILL FEIG — Payday kind loans in a shopping mall near North Donmoor Avenue and Florida Blvd.. The Metro Council on Wednesday takes up an ordinance that proposes to limit pay check loan providers. It might avoid brand new pay check loan providers from to be able to find within 1000 legs of domestic areas, current pay check loan providers, pawn stores, churches, public libraries, schools, time care centers, general general public areas, play grounds, and organizations that offer liquor or casinos. This work follows various other unsuccessful attempts to modify pay day financing in the legislature come july 1st. Council members specifically raised issues in regards to the expansion of those organizations on Florida Boulevard.Read More