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Immediately after numerous years of discussion, the latest Springfield City Council voted Monday so you’re able to demand the newest statutes with the pay day loan providers whoever high interest levels can create good “personal debt trap” to have desperate consumers.
One of the highlights is actually a plan to impose $5,100 annual certification fees subject to voter approval when you look at the August, that would wade towards implementing the brand new city’s rules, permitting members of debt and you may taking solutions so you’re able to short-term funds. Continue reading “Regional lawmakers put-when you look at the will assist pay check lenders dress city licensing charge, advocates state”
