Local officials cannot regulate things such as the attention that loan providers charge regarding the short term installment loans.

Local officials cannot regulate things such as the attention that loan providers charge regarding the short term installment loans.

The St. Louis Board of Aldermen on Friday offered initial approval to legislation that could put brand brand new limitations on payday lenders when you look at the town.

Local officials cannot regulate things such as the attention that loan providers charge regarding the term that is short. Alternatively, the bills from Alderman Cara Spencer, D Ward that is 20th loan providers to obtain a license to work into the city, and set limitations on where new people can start.

Read More

Categories