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Cedar Rapids Gazette urges action on payday advances

Below is an editorial within the October 5 Cedar Rapids Gazette referencing CCI users’ work to enact payday that is local ordinances as well as the importance of the Iowa legislature to simply take much needed action to break straight straight straight down with this predatory practice.

Because Of The Gazette Editorial Board

Cedar Rapids may join a handful of other Iowa towns and cities in establishing restrictions on where brand brand new cash advance companies can run. It’s an endeavor to rein within the growth of the frequently problematic industry, that provides small-dollar, short-term loans to those who might possibly not have access to more traditional personal lines of credit — though at a hefty expense. Okumaya devam et