Should payday loan providers be prohibited from Memphis and Tennessee?
The Memphis City Council generally seems to think therefore.
Every council user voted in support of a quality urging Tennessee lawmakers to revoke and ban company licenses for many payday loan providers.
Through the councilвЂ™s conference week that is last Memphis City Councilman Chase Carlisle, whom sponsored the quality, explained his comment is here why action is required now.
вЂњIвЂ™m bringing this quality because too many times payday loan providers enter into our communities and eventually harm the economic development more than they assist,вЂќ Carlisle stated.