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October 12, 2005

Phoenix considers changing zoning to stop payday loans proliferation

Arizona busiest city has decided to regulate the high interest payday loan stores by significantly tightening zoning laws. The ordinance is readied that would require payday loan stores to be at least 1,000 feet from each other. Sexually oriented shops is possibly only other category of stores regulated in that fashion in Phoenix.

The goal is to prevent what city officials call "clustering" of payday loan stores in poor neighborhoods. By doing so, Phoenix follows another city in Arizona. Tucson introduced similar bill against payday loan stores in September.

Posted in Payday Loans at October 12, 2005 09:46 PM

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