Sunday
After numerous years of argument, the Springfield area Council voted Monday to enforce newer rules on payday loan providers whose highest rates of interest can produce a “debt pitfall” for desperate borrowers.
One of the highlights was a strategy to enforce $5,000 yearly licensing costs subject to voter affirmation in August, that could go toward implementing the town’s procedures, assisting folks in debt and promoting alternatives to short term financial loans. Continue reading “Neighborhood lawmakerA?aa?s add-in enable payday lenders skirt town licensing fees, supporters state”