Payday, name along with other short-term cash lenders in Columbia could see stricter laws in the event that Columbia City Council moves ahead by having an ordinance observe the industry.
The town council is considering imposing laws on short-term lending establishments, such as for example payday and title loan providers, to adhere to the lead of St. Louis and Kansas City, that have passed ordinances to cap the quantity of loans and need information that is certain businesses’ signage.
Kacy Hall, a town administration other for the town of Columbia, presented information to council users previously this about the prevalence of payday loan companies in Columbia and regulations passed in St. Louis and Kansas City that Columbia could use as a model week. Continue reading
