During its Monday meeting, the
The moratorium continues a six-month ban that began in February and prohibits any new payday lenders, check cashing, title loan, car title loan or any similar type of short-term loan business from opening during that period.
There are about 15 such businesses currently in the city limits, most of which are clustered along
"We don't necessarily need the three months ... we just want to make sure we're having a deliberate and methodical look at this," Johnson said of the ordinance.
Payday lender stores offer money based on a person's income. In
"We do not take well to these businesses and their predatory lending practices," Stewart said of the council. "We just feel like they promote hardships to a substantial portion of the community and that they need to be regulated because of that."
Also during the meeting, the council gave Johnson permission to negotiate a contract with a potential city finance director.
"I haven't hired him yet and I can't hammer out a contract if I don't have permission," Johnson said.
Previous city Finance Director
Johnson declined to say why McCullars resigned or provide details on his potential replacement until the hire is official.
In other business the council:
[BULLET] Reappointed Derrick Foster to the parks and recreation board.
[BULLET] Appointed Martinez Hall to the transit authority board.
[BULLET] Appointed Takisha Hall to the zoning board of adjustments.
[BULLET] Applied for a
[BULLET] Approved the purchase of a
(c)2014 The Anniston Star (Anniston, Ala.)
Visit The Anniston Star (Anniston, Ala.) at www.annistonstar.com
Distributed by MCT Information Services