Payday, name as well as other money that is short-term in Columbia could see stricter laws in the event that Columbia City Council moves ahead with an ordinance observe the industry.

The town council is considering imposing laws on short-term financing establishments, such as for instance payday and title loan companies, to adhere to the lead of St. Louis and Kansas City, which may have passed away ordinances to cap the amount 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 people previously this about the prevalence of payday loan companies in Columbia and regulations passed in St. Continue reading “City council considers regulations on pay day loan businesses”