Moratorium on Payday Lenders, Liquor, Title and Pawn shops in Ward 4 strategies Ahead

Ward 4 Councilman De’Keither Stamps’s moratorium on pawn shops, cash advance providers and liquor stores into the ward gained the help that is filled with City Council’s planning Committee. Image by Imani Khayyam.

Final Monday the Jackson City Council preparing Committee passed an purchase to curtail the further expansion of “title loan, payday loan, check cashing, liquor store and pawn shop organizations.”

“In some areas we’ve got over-proliferation,” Ward 4 Councilman De’Keither Stamps claimed, describing the” that is“30-plus storefronts on Ellis Avenue. “i actually do maybe maybe not comprehend if we have actually 30 finance institutions in Jackson.”

“The Jackson City Council finds that over-development and saturation of” the firms which are aforementioned be damaging to your City’s development and would online loans that are payday limit the capacity related to City to attract diverse kinds of company,” your purchase states. Read More