Ames City Council passes many restrictive ordinance on payday loan providers to date

Ames City Council passes many restrictive ordinance on payday loan providers to date

Iowa CCI users hail passage, aim to other metropolitan areas in lack of state legislation

Ames, IA – In an unanimous vote later Tuesday night, the Ames City Council passed the most challenging, many restrictive ordinance on payday loan providers when you look at the state of Iowa, if you don’t the country.

The ordinance, which utilizes a mix of zoning overlays and separation distances, efficiently bans any brand new payday loan provider from starting within Ames town limitations.

“I’m extremely pleased about this passage,” said CCI user Susie Petra of Ames. “Currently there are not any payday loan providers near the Iowa State campus and there won’t be with this particular ordinance. Continue reading “Ames City Council passes many restrictive ordinance on payday loan providers to date”