Mtgy City Council Temporarily Blocks New Payday Loan Businesses


By Alabama News Network

The Montgomery City Council is considering the fate of payday loan stores in the city.

The council passed a 90-day moratorium on business licenses starting immediately.

During that time members of the mayors cabinet will research other cities that have placed permanent restrictions on payday loan and title loan shops.

For several weeks, council members have been discussing if the city would stop giving out new licenses to these type of businesses.

Alabama news network will keep you updated

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