Should payday loan providers be prohibited from Memphis and Tennessee?
The Memphis City Council generally seems to think therefore.
Every council member voted in support of a quality urging Tennessee lawmakers to revoke and ban company licenses for several lenders that are payday.
Through the councilвЂ™s meeting a week ago, Memphis City Councilman Chase Carlisle, who sponsored the quality, explained why action is required now.
вЂњIвЂ™m bringing this resolution because too many times payday loan providers enter into our communities and eventually harm the economic development more than they assist,вЂќ Carlisle said. (más…)