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Liberty’s Effort To Modify Lenders Generates More Interest. Barbara Shelly

Liberty’s Effort To Modify Lenders Generates More Interest. Barbara Shelly

City Court Filing Defends Ordinance; Business Says It Varies From Payday Lenders

Barbara Shelly

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The town of Liberty contends it offers the ability to control businesses that practice high-interest lending, just because those companies claim to stay a course of loan providers protected by state legislation.

In a current appropriate filing, the Northland town defended a recently enacted ordinance as being a “valid and legal exercise,” and asked that a judge dismiss a lawsuit brought by two installment financing businesses.

Liberty a year ago became the newest of a few Missouri metropolitan areas to pass through an ordinance managing high-interest loan providers, whom run under one of several nation’s most permissive collection of state legislation. Continue reading ‚Liberty’s Effort To Modify Lenders Generates More Interest. Barbara Shelly‘

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