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City Council Voted to Table Cash Advance Ordinances Once More.

City Council Voted to Table Cash Advance Ordinances Once More.

Springfield City Council voted to table conversation of ordinances that will ensure it is more difficult for owners of short-term loan companies. Since it stands, the pay day loan issue won’t be discussed again until February.

The matter of regulating payday and name loans is a delicate one.

The problem is contentious for several states and municipalities as it’s a conflict that attempts to balance the freedom of business people as well as the security of a population that is vulnerable.

In Springfield City Council debated whether to crack down on short-term lenders—but it ended up postponing the discussion until this fall june.