City council considers regulations on pay day loan businesses

City council considers regulations on pay day loan businesses Payday, name along with other money that is short-term in Columbia could see stricter laws in the event that Columbia City Council moves ahead having an ordinance to monitor the industry. The town council is considering imposing laws on short-term financing establishments, such as for example payday and title loan providers, to follow along with the lead of St. Louis and Kansas City, that have passed away ordinances to cap the total amount of loans and need information that is certain businesses’ signage. Kacy Hall, a town management fellow when it comes to town of Columbia, presented information to council people early in the day this about the prevalence of payday loan companies in Columbia and regulations passed in St. […]