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Infrormation on Loans

Asian cities keen to tower over global finance - Shanghai Daily

Sun, 24 Jun 2007 20:46:57 GMT

Asian cities keen to tower over global finance Shanghai Daily, China - 7 hours ago By William Pesek 2007-6-25 Tokyo, for example, took the No. 3 spot behind London and New York, according to MasterCard Worldwide's Centers of Commerce Index ...

Five Return To Home Park

Curbing payday lenders considered

As the S.C. legislature debates a new bill that would cap payday lending interest rates, Rock Hill is taking steps to restrict the locations of payday lenders.

Under a proposal the city's Planning Commission will discuss May 1, loan lenders and payday lenders would have to be at least 300 feet from neighborhoods, churches and schools, and at least 1,000 feet from similar financial businesses.

They also could not be stand-alone facilities. Instead, they would have to be located within retail establishments and commercial structures of at least 30,000 square feet.

City Council member John Gettys, who put the proposal on the agenda, said they are steps toward restricting such "predatory lending agencies."

"These types of businesses ... basically target those living in poverty in manners that truly hamper someone's ability to pay the loan back and get on with life," he said.


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