Moratorium on Payday Lenders, Liquor, Title and Pawn Stores in Ward 4 techniques Ahead

Ward 4 Councilman De’Keither Stamps’s moratorium on pawn stores, payday loan providers and alcohol shops inside the ward gained the complete support for the City Council’s preparing Committee. Photo by Imani Khayyam.

Final Monday the Jackson City Council preparing Committee passed a purchase to curtail the further proliferation of «title loan, cash advance, check cashing, alcohol shop and pawn shop companies.»

«In some areas we now have over-proliferation,» Ward 4 Councilman De’Keither Stamps stated, explaining the «30-plus» check-cashing storefronts on Ellis Avenue. «I’m not sure when we have actually 30 banking institutions in Jackson.»

«The Jackson City Council finds that over-development and saturation of» the businesses that are aforementioned be harmful towards the City’s development and would effortlessly limit the power associated with City to attract diverse forms of company,» your order states. […]

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