The concentration of the continuing companies is detrimental. We might ask you really, you should think about moving this.”
Chattanooga is having a preemptive hit to stem a tide of payday loan providers and comparable companies stepping into the town. But loan providers by themselves are scraping their minds. They do say there’s absolutely no tide coming.
The Chattanooga-Hamilton County Regional preparing Commission unanimously approved a proposed zoning amendment Monday that will prevent alternate funding organizations — such as for instance check-cashers, payday loan providers and pawn agents — from condensing in a place. The town Council could have approval that is final Feb. 10.
And City Council users Carol Berz and Russell Gilbert, whom published the proposed ordinance utilizing the town lawyer’s workplace, state it could bar such organizations from starting within 500 legs of domestic areas or in just a quarter-mile of other lenders that are similar.
Citing studies done by George Washington University and Ca State University, Assistant City Attorney Keith Reisman told planning commissioners that high concentrations of cash advance, name pawn or any other alternative financing businesses are straight pertaining to increased crime, reduced home values and a decrease in security. 続きを読む “Chattanooga seeks to restrict payday financing and name pawns”