Area council thinks about rules on cash loan companies

Area council thinks about rules on cash loan companies

Paycheck, name together with other temporary cash loan vendors in Columbia could witness stricter rules if Columbia City Council steps ahead with an ordinance look at the field.

The city council happens to be deciding on imposing rules on temporary lending industries, such as for example paycheck and title loan providers, to follow along with the lead of St. Louis and Kansas area, that may get passed on ordinances to limit the volume of financial loans and require certain info on corporations signage.

Kacy area, a city administration different when it comes to city of Columbia, delivered info to council customers earlier this regarding occurrence of payday loans providers in Columbia and requirements passed in St. Louis and Kansas area that Columbia can use as a model few days. Continue reading Area council thinks about rules on cash loan companies