Liberty’s Effort To Regulate Loan Providers Creates Other Interest
The town of freedom contends it has the ability to regulate businees that participate in high-interest financing, even though those businees claim to be in a cla of lenders secured by county legislation.
In a current legal submitting, the Northland town defended a lately enacted ordinance as a “valid and lawful exercise,” and questioned that a judge dismi a lawsuit lead by two installment credit agencies.
Liberty last year became modern of many Miouri places to pa an ordinance managing high-interest loan providers, which work under one of several nation’s more permiive collection of county statutes. […]