Liberty’s Work To Regulate Lenders Generates More Interest

Liberty’s Work To Regulate Lenders Generates More Interest

City Court Filing Defends Ordinance; Business Says It Varies From Payday Lenders

Barbara Shelly

Above image credit: picture example. (Adobe)

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 “valid and legal exercise,” 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 nation’s most permissive pair of state guidelines. Continue reading