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Irondale moratorium on payday loan businesses set to expire - abc27 WHTM

Irondale moratorium on payday loan businesses set to expire

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A moratorium on payday loan businesses is set to expire later this month in Irondale. 

The city already has two payday loan businesses within the city and city councilors say that's plenty.

The council is expected to extend the moratorium before it expires but the measure has yet to be placed on the city council's agenda. 

Payday loan establishments are often characterized as 'predatory' because consumers face high fees and interest rates which make it difficult to pay off the loan. 

 

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