Limits on payday lenders rejected

In Sprinfield, Illinois there will not be a restriction on payday lending stores. The city council rejected a measure that would require payday loan stores to be atleast 1500 feet from one another. Here is the full story.

Putting these types of restrictions is justa bad idea all the way around, but especially for the borrowers. Competition usually will bring rates down. Isn’t this what everyone wants?

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