At least, that’s what I would say if I owned a payday loan store.

More and more city councils, like Cleveland and Long Beach, are passing ordinances that prohibit the opening of a new payday loan store within some set distance from another store.  In some cases, new stores are completely banned citywide.

I don’t understand the rationale for these moratoriums.

Is it because…

(You can read the rest of the article HERE)

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