Aldermen Extend Moratorium

December 10, 2009
Clinton News (Miss.)  
payday lending news

A 90-day ban on new title-loan businesses, pawnshops, check-cashing outlets, tattoo parlors, nail salons, and gold and precious metal purchasing outfits in Clinton, Miss., has been extended for an additional three months. Local aldermen made the decision in a unanimous Dec. 1 vote, providing more time for municipal leaders to draw up new zoning ordinances for the town -- which has at least six check-cashing outlets and four title lending businesses, both of which offer payday loans. Clinton Mayor Rosemary Aultman has stressed the importance of ensuring "that we get these businesses in the right location and have places for them." That line of thought already is playing out in other metropolitan areas. Jackson, Ridgeland, Canton and Byram all recently have imposed moratoriums on new permits for like businesses; while Flowood, Madison, and Pearl already have ordinances in place to regulate such businesses.







Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty
  

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.



`