While St. Louis voters decide among mayoral and aldermanic applicants in the town’s main election next Tuesday, they will additionally respond to a concern about short-term loan providers.
Proposition S asks whether or not the populous town should impose a yearly $5,000 charge on short-term loan establishments. Those consist of payday and car name loan providers, along with check cashing shops.
here is just what else it could do:
- The town would utilize the license cash to engage a commissioner, who does then examine short-term loan providers. (more…)