City Court Filing Defends Ordinance; Business Says It Varies From Payday Lenders
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The town of Liberty contends this has the proper to control companies that participate in high-interest financing, regardless if those continuing companies claim to stay in a course of loan providers protected by state legislation.
In a recently available appropriate filing, the Northland city defended a recently enacted ordinance being a вЂњvalid and legal exercise,вЂќ and asked that the judge dismiss a lawsuit brought by two installment financing organizations.
Liberty year that is last the newest of a few Missouri towns to pass through an ordinance managing high-interest loan providers, whom run under one of many nationвЂ™s most permissive collection of state regulations.