A city council with nothing better to do
May 14, 2010 | Iowa, industry, local issues, regulation | Comments (0)The Des Moines City Council placed temporary restrictions on pawn shops and payday loans. From the story:
Des Moines leaders have backed a temporary ban on new pawn shops and payday loan stores in the city and called upon state lawmakers to enact tighter regulations throughout Iowa.
City Council members voted 6-0 during a special meeting Thursday to have City Attorney Bruce Bergman draft an ordinance to create a six-month moratorium on such businesses. Councilman Robert Mahaffey was absent.
Long-term restrictions will be debated during the 180-day freeze. The council will meet again Monday morning to vote on the moratorium.
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