Concern within the predatory methods of this payday financing industry has forged an unorthodox partnership in Virginia between spiritual, consumer-rights, and anti-poverty teams.
The town council of Kilmarnock, Virginia, voted 4 to 2 to keep in place zoning laws that would effectively block the payday-loan industry from expanding in their town in late March.
Fifty residents — an turnout that is impressive a town of just 1,244 — crowded in to the council conference to plead with elected leaders not to ever replace the city’s zoning laws and regulations to allow Advance America, one of several biggest payday lending businesses in the united states, create store during the regional Wal-Mart complex.
“we think they practice usury,” stated Frank Tomlinson, the council user whom led the opposition into the proposed zoning modification. “They loan to those that have their backs up against the wall surface, after which they quite honestly place it to ’em.”
Tomlinson’s concerns had been echoed by people of the clergy, regional residents, and anti-poverty that is statewide through the Virginia Poverty Law Center and Virginians Against Payday Lending, whom turned up in effect at the city conference.Read More »Concern within the predatory methods of this payday financing industry has forged an unorthodox partnership in Virginia between spiritual, consumer-rights, and anti-poverty teams.