Springfield City Council voted to table conversation of ordinances that will 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 again until February.
The matter of regulating title and payday loans is just a delicate one.
The problem is contentious for a lot of states and municipalities as it’s a conflict that attempts to balance the freedom of business people therefore the security of a susceptible population. Continue reading City Council Voted to Table Cash Advance Ordinances Once More.