COLUMBIA вЂ” in case a brand new cash advance company starts over the following 6 months in mid-Missouri, it’s not going to be within Columbia town restrictions.
In a 5-2 choice, the town Council authorized an ordinance early Tuesday early morning that places a six-month moratorium on new pay day loan companies in Columbia.
4th Ward Councilman Jerry Wade, whom introduced the theory, stated which he does not have any preconceived tips by what the ultimate action on pay day loan companies may be.
“we must begin with research, have a look at choices to discover what’s perfect for the city,” Wade stated.
A written report through the city preparing and Development Department stated the council could start thinking about zoning ordinances that could avoid loan that is payday from clustering together, but that concept first will have to be evaluated because of the look and Zoning Commission.
Fifth Ward Councilwoman Laura Nauser opposed the ordinance, saying this woman is uncomfortable “investigating” a appropriate company currently controlled because of their state. Continue reading