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Council approves lending that is payday; voters to pick charge

Council approves lending that is payday; voters to pick charge

In this 2019 file photo, protesters with Faith Voices while the Poor People’s Campaign rally away from historic courthouse in Springfield. On Monday, City Council authorized brand new payday lending guidelines.

After significantly more than 2 yrs of debate and lobbying by advocates whom state pay day loans cause already-poor individuals to be stuck in a “debt trap,” Springfield City Council took action night monday.