Chattanooga seeks to restrict lending that is payday name pawns

Chattanooga seeks to restrict lending that is payday name pawns

The concentration among these continuing companies is harmful. We’d ask which you really, you should consider moving this.”

Chattanooga is using a strike that is preemptive stem a tide of payday loan providers and similar companies getting into the town. But loan providers on their own are scraping their minds. They do say there’s absolutely no tide coming.

The Chattanooga-Hamilton County Regional preparing Commission unanimously approved a proposed zoning amendment Monday that will prevent alternate funding organizations — such as for example check-cashers, payday loan providers and pawn agents — from condensing in a location. Continue reading Chattanooga seeks to restrict lending that is payday name pawns