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Memphis City Council urges state to ban all lenders that are payday

Memphis City Council urges state to ban all lenders that are payday Should payday loan providers be prohibited from Memphis and Tennessee? The Memphis City Council generally seems to think therefore. Every council user voted in support of a quality urging Tennessee lawmakers to revoke and ban company licenses for several lenders that are payday. Through the council’s conference a week ago, Memphis City Councilman Chase Carlisle, whom sponsored the quality, explained why action will become necessary now. “I’m bringing this quality because too many times payday loan providers come right into our communities and eventually harm the economic development more than they assist,” Carlisle said.