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Council approves payday financing demands; voters to select charge

Council approves payday financing demands; voters to select charge

In this 2019 file picture, protesters with Faith Voices plus the the indegent’s Campaign rally beyond your courthouse that is historic Springfield. On Monday, City Council authorized new lending that is payday. (Picture: Nathan Papes/News-Leader)

After a lot more than couple of years 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 Monday evening.