If the state and national government are not enough, now payday lenders have the local city counsel to deal with.
The city of Wauwatosa (Wisconsin) has stopped EZ Corp from moving in. A state appelate court is holding up the decision that was made three years ago. In the meantime, EZCorp has 30 days to request the state Supreme Court review the decision.
Wondering what the reasoning was for this decision?
“Residents and city officials spoke out against the proposed store, claiming the business would draw crime to the neighborhood. Many also criticized the high fees and lending practices employed by the quick cash loan industry, calling them predatory.”
I hope Lawrence Myers is reading, so he can rip this town a new one.
You can read the full article here.
