11 Jan 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 conversation of ordinances that could ensure it is more difficult for owners of short-term loan companies. Because it appears, the pay day loan issue won’t be discussed once more until February.

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

The issue is contentious for most states and municipalities since it’s a conflict that attempts to balance the freedom of companies in addition to security of the population that is vulnerable.

In Springfield City Council debated whether to crack down on short-term lenders—but it ended up postponing the discussion until this fall june.

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