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Memphis City Council urges state to ban all lenders that are payday

Should payday loan providers be prohibited from Memphis and Tennessee?

The Memphis City Council appears to think therefore.

Every council user voted and only an answer urging Tennessee lawmakers to revoke and ban business licenses for several payday loan providers.

Through the council’s conference a week ago, Memphis City Councilman Chase Carlisle, whom sponsored the quality, explained why action will become necessary now.

“I’m bringing this quality because quite a few times payday loan providers enter into our communities and fundamentally harm the growth that is economic than they assist,” Carlisle stated. Читать далее