Category: title loans for cars

Iowa cities bypass state to halt short-term payday loan providers

Iowa cities bypass state to halt short-term payday loan providers

Efforts to restrict payday loan providers in Iowa have actually over repeatedly unsuccessful when you look at the Legislature, but more towns are approving zoning modifications that make it harder to open up the firms.

Cedar Rapids the other day became the latest town to accept an ordinance that bans the short-term loan organizations from certain specific areas. It became the sixth Iowa town to accept this kind of law since 2010, making opponents associated with loan shops hopeful that the city-by-city restrictions will prompt the Legislature to do this. (more…)

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