City Court Filing Defends Ordinance; Business Says It Varies From Payday Lenders
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The town of Liberty contends it offers the best to regulate companies that participate in high-interest financing, just because those companies claim to stay in a course of loan providers protected by state legislation.
In a current appropriate filing, the Northland town defended a recently enacted ordinance being a вЂњvalid and legal exercise,вЂќ and asked that the judge dismiss a lawsuit brought by two installment financing organizations.
Liberty year that is last the most recent of a few Missouri towns to pass through an ordinance managing high-interest loan providers, whom run under one of many nationвЂ™s most permissive pair of state guidelines. Continue reading