Categories
prepaid debit card payday loan

Ward 4 Councilman De’Keither Stamps’s moratorium on pawn stores, payday loan providers and alcohol shops

Ward 4 Councilman De’Keither Stamps’s moratorium on pawn stores, payday loan providers and alcohol shops

Moratorium on Payday Lenders, Liquor, Title and Pawn shops in Ward 4 techniques Ahead

in their ward gained the complete help for the City Council’s preparing Committee. Picture by Imani Khayyam.

Final Monday the Jackson City Council Planning Committee passed an purchase to curtail the further expansion of “title loan, pay day loan, check cashing, alcohol shop and pawn shop companies.”

“In some areas we now have over-proliferation,” Ward 4 Councilman De’Keither Stamps stated, explaining the “30-plus” check-cashing storefronts on Ellis Avenue. “I do not understand whenever we have actually 30 banking institutions in Jackson.”

“The Jackson City Council finds that over-development and saturation of” the aforementioned organizations “would be detrimental towards the City’s development and would effortlessly limit the capability for the City to attract diverse kinds of company,” your order states. Even though the preparing Committee passed it unanimously, it nevertheless must get prior to the complete Council.