Moratorium on Payday Lenders, Liquor, Title and Pawn shops in Ward 4 techniques Ahead
Ward 4 Councilman De’Keither Stamps’s moratorium on pawn stores, payday loan providers and alcohol shops in their ward gained the complete help regarding the City Council’s preparing Committee. Picture by Imani Khayyam.
Final Monday the Jackson City Council preparing Committee passed an purchase to curtail the further expansion of “title loan, pay day loan, check cashing, alcohol shop and pawn store companies.”
“In some areas we have over-proliferation,” Ward 4 Councilman De’Keither Stamps stated, explaining the “30-plus” check-cashing storefronts on Ellis Avenue. “I do not understand when we have actually 30 banking institutions in Jackson.”
“The Jackson City Council finds that over-development and saturation of” the businesses that are aforementioned be harmful to your City’s development and would efficiently restrict the capability for the City to attract diverse forms of company,” your order states. (more…)