The Iowa City Planning and Zoning Commission will talk about limiting where lenders that are payday start outlets within the town following the Iowa City City Council approved talks in March.
Senior town planner Robert Miklo stated the payment is enthusiastic about managing payday-lending operations after studies revealed their prospective unwanted effects on surrounding communities. The look and Zoning Commission will talk about a feasible ordinance at 7 p.m. Thursday.
Payday loan providers provide short-term loans to individuals between paychecks, billing interest that is high in return.
” They tend to be connected with high-crime areas and loitering, consequently having an adverse influence on surrounding communities,” Miklo stated.
He stated Iowa City has not yet seen these impacts, nevertheless the ordinance will be a measure that is preventative.
Iowa City staff suggested restructuring that is zoning force brand new payday loan providers to create in community commercial areas, require no less than 1,000 foot between these operations, and separation from areas that could be adversely impacted, and just permitting loan providers certified by their state of Iowa to construct when you look at the town limitations, based on the report.
David Goodner, a residential district organizer with Iowa people for Community Improvement, asked for that the town Council regulate payday loan providers in February.
City Councilor Rick Dobyns stated he doesn’t have a viewpoint on payday lenders yet, but he could be enthusiastic about learning more from Iowa City citizens and town councilors. Continue reading “The Regular Iowan”