Birmingham Council extends moratorium on payday lenders, delays - ABC 33/40 - Birmingham News, Weather, Sports

Birmingham Council extends moratorium on payday lenders, delays zoning rules

Posted: Updated:

There won't be any new payday loan and title pawn businesses for the next six months in Birmingham.

The City Council extended a moratorium Tuesday on the companies. During a public hearing, community members said the shops hurt families and block economic development. Several councilors agreed.

"Walk outside your door. If you are tired of having the same old thing, do something different so you can get a different result," Councilwoman Lashunda Scales said.

However, Max Wood, a representative supporting the industry, says the moratorium unfairly targets storefronts.

"They are addressing a problem that doesn't exist. The problem is in unregulated Internet lending and other offers of products and services," Wood of Borrow Smart Alabama told ABC 33/40.

The council delayed a vote until next week on a measure that would impose stricter zoning rules.

 

  • Anniston - Gadsden Area NewsMore>>

  • NASCAR president Mike Helton: Talladega races still have big impact

    NASCAR president Mike Helton: Talladega races still have big impact

    Thursday, July 10 2014 7:01 PM EDT2014-07-10 23:01:12 GMT
    Mike Helton has seen Talladega Superspeedway's capacity expand in boom times and shrink along with the crowds at one of NASCAR's signature tracks, moving in tandem with the sport's ebbs and flows.More >>
    Mike Helton has seen Talladega Superspeedway's capacity expand in boom times and shrink along with the crowds at one of NASCAR's signature tracks, moving in tandem with the sport's ebbs and flows.
    More >>
  • Distraught woman in Anniston hospitalized after threatening to light herself and home on fire

    Distraught woman in Anniston hospitalized after threatening to light herself and home on fire

    Thursday, July 10 2014 3:49 PM EDT2014-07-10 19:49:15 GMT
    A distraught woman in Anniston caused quite the disturbance and commanded the attention of law enforcement and emergency personnel for an extended period of time as she thrashed around her house, threatening to burn herself alive and torch her home.More >>
    A distraught woman in Anniston caused quite the disturbance and commanded the attention of law enforcement and emergency personnel for an extended period of time as she thrashed around her house, threatening to burn herself alive and torch her home.
    More >>
  • Calhoun County Sheriff's office warns of repeat rapist

    Calhoun County Sheriff's office warns of repeat rapist

    Wednesday, July 9 2014 8:41 PM EDT2014-07-10 00:41:19 GMT
    Sexual assaults of elderly women the past two Julys may be a pattern rather than a coincidence.Calhoun County investigators warn the repeat rapist may attack another victim this month."We're in July again," chief deputy Matthew Wade said."In the past two Julys in Calhoun and Talladega County, a senior adult female has been followed from a public place, patterned, and then later attacked and sexually assaulted by a person."The Calhoun and Talladega County sheriffs announced in September that e...More >>
    Sexual assaults of elderly women the past two Julys may be a pattern rather than a coincidence.Calhoun County investigators warn the repeat rapist may attack another victim this month."We're in July again," chief deputy Matthew Wade said."In the past two Julys in Calhoun and Talladega County, a senior adult female has been followed from a public place, patterned, and then later attacked and sexually assaulted by a person."The Calhoun and Talladega County sheriffs announced in September that e...More >>
Most Popular
Stories
Videos
loading...