Birmingham City Leaders Wind Back the Clock, Extending Ban on New Payday Loan Businesses

May 22, 2013  
payday lending news

Officials in Birmingham, Ala., still exploring ways to rein in fast-cash outlets, have extended the city's moratorium on the businesses for a third time. With the additional six months, the freeze now will remain in effect until Dec. 19 -- by which time council members expect to have developed new zoning rules and pursued state legislation to limit the growth of an industry that they consider a blight. "It is very important that we get the payday lending moratorium correct due to the proliferation that has directly impacted our neighborhoods in ways that have cost local neighborhoods growth and economic development," insisted Councilwoman Lashunda Scales, who proposed the original moratorium. "At this point, we need to continue to work with state and federal government so we can better protect the citizens that trust us to advocate on their behalf."
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