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A conclusion to Pay Day Loans? The town council of Kilmarnock, Virginia in late March

A conclusion to Pay Day Loans? The town council of Kilmarnock, Virginia in late March

Concern on the predatory methods of this lending that is payday has forged an unorthodox partnership in Virginia between religious, consumer-rights, and anti-poverty teams.

voted 4 to 2 to help keep set up zoning regulations that could efficiently block the payday-loan industry from expanding within their city. Fifty residents — an extraordinary turnout in a town of simply 1,244 — crowded to the council meeting to plead with elected leaders never to replace the city’s zoning rules to allow Advance America, one of several biggest payday lending companies in the united states, put up store during the regional Wal-Mart complex.

«I think they practice usury,» said Frank Tomlinson, the council user who led the opposition to your proposed zoning modification.