Payday Pundit

That’s how far apart the Springfield, IL city council wants payday and title loan companies.  Remember, not 1600, not 1400, it’s 1500.  Fifteen hundred feet apart creates urban utopia.  From the story: 

Although the petition was passed by the commission Wednesday, several members expressed confusion about discerning which companies would be limited. Some said they weren’t sure about the difference between payday, title loan and finance companies, and how the ordinance should be worded, but approved it nonetheless.

Kevin McFadden, with the Illinois Financial Service Association, provided information to differentiate between payday and title loan lenders, and finance companies. The commission in turn used McFadden’s language to draft the amended ordinance.