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Posted by on Dec 14, 2020 in | 0 comments

Council approves payday lending ordinance. Walmart Providing Check Cashing Services

Tuesday evening the Waco City Council voted when it comes to very first time on a feasible ordinance limiting payday lenders into the Waco area in an attempt to protect borrowers. The council voted 5-1 in support of the ordinance that is new, if passed away for an extra amount of time in the next town council conference, would get into influence on August 16, 2016.

The ordinance defines the payday lending organizations as “credit access organizations.” Stating that particular companies “engage in abusive and lending that is predatory, providing simple cash

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