Payday Loan Times

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Phoenix to Restrict Payday Loan Locations

Filed under: Arizona — Roman Parchowsky at 12:22 pm on Thursday, October 13, 2005

Phoenix, AZ — Phoenix planners are drafting an ordinance that would require that payday loan stores must be at least 1,000 feet apart. While city officials admit that these new zoning laws won't change lending practices of stores that offer the cash advance loans to consumers at high rates of interest, they will at least help curb the clustering of such businesses in low-income neighborhoods.

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Tuesday, March 28, 2006 @ 2:30 pm

[...] It was an idea hatched in Phoenix: why not spread out the locations of stores offering payday loans? The idea, supposedly, was that this would make it more difficult for individuals to acquire a cash advance. [...]

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