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Small Town Kicks Out Payday Lenders

Sunday, April 7th, 2019 (No comments yet)
Businesses, Money, Safety

Though the Virgina legislature examined payday lending, they only solution they brought forth was to limit them as far as interest rates and repayment periods. However, at least one small town has kicked out payday lenders via zoning laws. While this may not rate "big news" it is good news and caught my attention for this alone:

The sole proponent of amending the zoning was Randy Phelps, manager of the Advance America lending store in a nearby town. His company, whose Web site says it operates 2,800 stores nationwide, was seeking to open a cash advance store in a new strip shopping center, part of the town's new Wal-Mart complex. "We're not evil people," Phelps protested to the council. "We provide a needed service."

"We're not evil people"…. Doesn't that give you chills? If pretending to hold a hand out in friendship while stabbing someone in the back with the other hand isn't evil I don't know what is.

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