City Council Voted to Table Cash Advance Ordinances Once More.

City Council Voted to Table Cash Advance Ordinances Once More. Springfield City Council voted to table conversation of ordinances that could ensure it is more difficult for owners of short-term loan organizations. Since it appears, the payday loan issue won’t be discussed once more until February. The problem of regulating title and payday loans is really a delicate one. The problem is contentious for several states and municipalities as it’s a conflict that attempts to balance the freedom of business people and also the security of the population that is vulnerable. In June, Springfield City Council debated whether or not to break straight down on short-term lenders—but it finished up… Read More

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