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Fringe?

October 3, 2008 | Tennessee, industry, local issues, media coverage, regulation, states | Comments (0)

That’s what this reporter calls payday loans in a story about a Memphis councilman seeking restrictions:

A freshman member of the Memphis City Council is pushing for new zoning regulations intended to curb the growth of the fringe financial industry in the city and county.

Businesses such as payday lenders and auto title loan shops will be subject to stricter rules about where they can and can’t open and how far apart they have to be from one another if City Council member Bill Morrison gets his way.

The Payday Pundit wonders if these city council members ever ask the citiziens what they want.

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