October 26, 2010

scottw@standard-democrat.com SIKESTON -- The City Council has decided on a six month moratorium on any new payday loan businesses or branch offices within the city while they research legislative options. "During that time Council will research what we can do locally and draft appropriate legislation for consideration," said Linda Lowes, director of governmental services...

Moratorium is ordered on any new payday loan firms

scottw@standard-democrat.com

SIKESTON -- The City Council has decided on a six month moratorium on any new payday loan businesses or branch offices within the city while they research legislative options.

"During that time Council will research what we can do locally and draft appropriate legislation for consideration," said Linda Lowes, director of governmental services.

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