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You are here: Home / News / Sikeston considers payday loan crackdown

Sikeston considers payday loan crackdown

October 27, 2010 By [email protected]

Sikeston has banned the opening of anymore payday loan stores for at least six months. One councilman says the businesses are predatory lender. A city spokesman says the city has one payday loan operation for every one-thousand residents.

Council members say they’ll spend the six months researching proper ordinances for payday loan shops.

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