Trussville Passes 2nd Moratorium on Payday Lenders and Check Cashing Businesses in 2 Years

July 9, 2013  
payday lending news

City councilors in Trussville, Ala., have placed a temporary ban on payday lenders and check cashers, the second time that they have done so in as many years. The initial 180-day moratorium, passed in June 2011, was intended to give the city council time to find a permanent solution for handling new alternative finance businesses; but that solution never materialized. The city currently is home to three such firms, which are not affected by the suspensions. The new moratorium in Trussville comes after the city of Irondale extended its freeze on new payday lenders and check cashers by an additional six months.
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