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Arlington’s Payday Lender Restrictions. We contend that the proposed ordinance just damages the people that are very its proponents look for to simply help

PAY DAY LOANS – The City of Arlington finished its very very very first reading of a proposed payday ordinance a week ago, which is once more look over an additional fourteen days, and unless something changes, it’s going to pass unanimously. Though this small missive is not likely to possess a direct impact in the procedure, we provide it making sure that council users usually takes a breather and look at the effect regarding the proposed ordinance.

It really hurts the indegent by increasing the price of conducting business using them and doubting them choices.

Throughout the very very first general public reading and hearing regarding the ordinance, proponents told a few tales about how exactly some individuals had taken pay day loans and had struggled to cover them straight straight right back. But none associated with the brand brand new limitations is going to do almost anything to result in the life of these individuals better or will have stopped their sob tale from occurring. Nor will the brand new limitations protect anybody or avoid anybody from using anyone.

In reality, no body even testified on how these limitations will prevent anybody from taking advantage of anybody. Not just one.

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