Mtgy. City Council Puts Off Vote On Payday Business Moratorium
Will cash-advance and title loan stores be banned from opening in Montgomery? Some people hope so and continue to push for a moratorium on these types of businesses.
City Council members aren't rushing this issue. They've been talking about it for weeks. Today, they voted to consider it at the next council meeting.
If you take a drive down Atlanta Highway, you'll notice cash-advance and title loan stores line the streets. It's something residents like Michelle Hill say they're tired of seeing. She tells us she believes the businesses are taking advantage of people in her area.
"When you're charging people that high interest, they get into them and they really have a hard time getting out of them and I think they should be shut down," she says.
Others in Montgomery echo Hill's concerns. Which is why the city is considering a moratorium on new business licenses for payday stores. But some say the moratorium would be unfair to certain business owners. Montgomery Mayor Todd Strange says he can understand both sides of the issue.
"What we want to have happen is those legitimate businesses, we want them to operate and operate successfully," he says. "But if they're predator businesses, those are the kind that we do not want and we need to figure out what kind of action we the city can, in fact, take to revoke licenses or to in some way limit them."
Other council members say they're more concerned with signage, which in some areas of Montgomery may seem overwhelming.
City council is expected to consider this issue at their next meeting. There will be an open discussion for people who want to voice their concerns or support these businesses.