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Liberty’s Work To Regulate Lenders Generates More Interest

Liberty’s Work To Regulate Lenders Generates More Interest

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

Barbara Shelly

Above image credit: picture example. (Adobe)

The town of Liberty contends it offers the ability to control companies that practice high-interest financing, no matter if those continuing companies claim to stay in a course of loan providers protected by state legislation.

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