Council members agree
It seems once again payday lenders were targeted by lawmakers, but this time they changed their mind.
Unfairly targeted
The Planning Commission in February decided it would require the conditional use permits. That means payday lenders would have to secure an additional permit on top of their business license. The permits restrict conditions and locations under which the stores can operate.
The City Council agreed that it was unfair to require payday lenders to have conditional use permits.
One bad apple
The legislation was introduced after the Planning Council discovered two of the city’s 11 payday lenders were operating illegally. One payday loan store didn’t comply with fire codes and the other didn’t have a business license.
Of course, the City Council came to the logical conclusion that they already had reason to penalize the two stores committing violations. They didn’t need to add unnecessary legislation. Here’s a report from dailyreeze.com:
Sergio Carrillo, of the Community Financial Services Association of America, argued the city should use its existing codes to go after businesses that are out of compliance, rather than creating new regulations for everyone.
The council agreed.
“It isn’t fair to punish all of them,” Councilwoman Julie Ruiz Raber said. ... click here to read the rest of the article titled "Carson City, Nevada, Backs Off on Payday Loan Regulations"
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