We commend the Springfield City Council for starting a severe discussion on predatory lending. Such talk acknowledges the destruction pay day loans inflict upon our community. Ideally, this conversation will result in some action that is concrete for Springfield.
Yet, talk is certainly not sufficient.
Springfield is dealing with payday lending for over ten years, yet absolutely absolutely nothing has changed. Again and again, talk is not followed closely by action.
Friends from Faith Voices of Southwest Missouri additionally the the indegent’s Campaign protest payday loans outs /> (Photo: Nathan Papes/News-Leader)
Yet again, Springfield has neglected to act.
While starting a promising discussion on payday loans, the town Council recently voted to table three bills supposed to rein this predatory business in. Continue reading