Moratorium on Payday Lenders, Liquor, Title and Pawn shops in Ward 4 techniques Ahead
Ward 4 Councilman De’Keither Stamps’s moratorium on pawn stores, payday loan providers and alcohol shops in the ward gained the full help associated with City Council’s Planning Committee. Picture by Imani Khayyam.
Final Monday the Jackson City Council preparing Committee passed a purchase to curtail the further proliferation of “title loan, pay day loan, check cashing, liquor shop and pawn store companies.”
“In some areas we now have over-proliferation,” Ward 4 Councilman bad credit installment loans De’Keither Stamps said, explaining the “30-plus” check-cashing storefronts on Ellis Avenue. “I’m not sure when we have actually 30 banking institutions in Jackson.”
“The Jackson City Council finds that over-development and saturation of” the businesses that are aforementioned be harmful to your City’s development and would efficiently restrict the capability regarding the City to attract diverse kinds of company,” your order states.