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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 will ensure it is tougher for people who own short-term loan companies. Since it appears, the pay day loan issue won’t be discussed once again until February.

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

The problem is contentious for most states and municipalities given that it’s a conflict that attempts to balance the freedom of business people in addition to security of a population that is vulnerable.

In June, Springfield City Council debated whether or not to split straight down on short-term lenders—but it wound up postponing the conversation until this autumn.Read More »City Council Voted to Table Cash Advance Ordinances Once Again.