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The Memphis blues again

December 9, 2008 | Tennessee, industry, media coverage, regulation, states | Comments (0)

Now there’s a joint county-city effort to regulated payday lending.  From today’s Commercial Appeal

The Shelby County Commission on Monday changed a proposed law that limits where payday and title loan businesses can be built in the county, specifying that these establishments cannot be within a quarter mile of residential districts.

The proposed law — which commissioners then approved on the second of three readings and the Memphis City Council adopted on third and final reading last week — also specifies that these businesses cannot be within 1,000 feet of each other and require a special-use permit if business owners want to locate in zones other than industrial.

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