17 Apr City Council Voted to Table Payday Loan Ordinances Once Again. HereвЂ™s Why ThatвЂ™s a Tricky Debate.
Springfield City Council voted to table conversation of ordinances that could ensure it is more difficult for owners of short-term loan companies. Since it appears, the pay day loan issue wonвЂ™t be discussed once again until February.
The problem of regulating title and payday loans is just a delicate one.
The problem is contentious for most states and municipalities given that itвЂ™s a conflict that attempts to balance the freedom of business people plus the security of a susceptible populace.