What exactly is Behind the Payday Lending Bill into the Metro Council?

What exactly is Behind the Payday Lending Bill into the Metro Council?

The Metro Council will give consideration to a bill on 2nd reading today that will prohibit loan that is payday check cashing stores from running every day and night every day. As well as in the full times prior to the vote, conversation hasn’t simply centered on the balance’s merits, but in addition raised questions about its origins therefore the motivations behind it.

The bill, sponsored by Sylvan Park Councilman Jason Holleman, would mainly influence Advance Financial, probably the most cash that is prolific operations in your community whose brand — Advance Financial 24/7 — is clearly associated with their running hours. Needless to say, Advance is highly opposing the bill, because would be the Nashville region Chamber of Commerce while the Convention Visitors Bureau.

“You could state our company is fighting it tooth and nail,” Advance spokesman and lobbyist Cullen Earnest told The Tennessean month that is last. Continue reading “What exactly is Behind the Payday Lending Bill into the Metro Council?”