Chesterfield addresses pay day lenders - NBC12 - WWBT - Richmond, VA News On Your Side

Chesterfield addresses pay day lenders

CHESTERFIELD, VA (WWBT) -

A legitimate service for people in need or predatory businesses that target the poor? Chesterfield County planners heard both arguments at a public hearing Tuesday night.

About a dozen people addressed a controversial ordinance that would spell out the rules of the game for payday lenders, check cashing companies and other companies that want to set up shop in Chesterfield.

The proposal would limit their location, keeping them away from residential areas. But many don't want to see them at all.

"We don't need this here in Chesterfield County. There are legitimate ways of getting checks cashed," said Steve Meadows, President of the Gateway Association. 

"They do help some people but the majority of people who get these loans end up having to pay many, many times what they borrowed," added Dana Wiggins with the VA Property Law Center.

Chesterfield planners voted to postpone for 30 days a decision on the payday lender policy.

Copyright 2012 WWBT NBC12.  All rights reserved. 

  • Latest news from NBC12.comNEWSMore>>

  • Comedian, actor Jerry Lewis dies at 91

    Comedian, actor Jerry Lewis dies at 91

    Sunday, August 20 2017 8:07 PM EDT2017-08-21 00:07:55 GMT

    The aging star worked for more than six decades raising money for the Muscular Dystrophy Association (MDA), most notably through hosting the annual Muscular Dystrophy Association Labor Day Telethon, an event as well-known as any of his movies.

    More >>

    The aging star worked for more than six decades raising money for the Muscular Dystrophy Association (MDA), most notably through hosting the annual Muscular Dystrophy Association Labor Day Telethon, an event as well-known as any of his movies.

    More >>
  • Motorcyclist killed in New Kent County crash

    Motorcyclist killed in New Kent County crash

    Sunday, August 20 2017 2:53 PM EDT2017-08-20 18:53:11 GMT
    A motorcyclist was killed after colliding with a van Sunday morning, according to Virginia State Police. Investigators said the crash happened at 11:45 a.m. in the 5300 block of New Kent Highway. Few other details are being provided at this time. The crash remains under investigation. Copyright 2017 WWBT NBC12. All rights reserved. Report an Error or Submit a Tip to NBC12 More >>
    A motorcyclist was killed after colliding with a van Sunday morning, according to Virginia State Police. Investigators said the crash happened at 11:45 a.m. in the 5300 block of New Kent Highway. Few other details are being provided at this time. The crash remains under investigation. Copyright 2017 WWBT NBC12. All rights reserved. Report an Error or Submit a Tip to NBC12 More >>
  • Richmond Police identify victims in separate Saturday homicide cases

    Richmond Police identify victims in separate Saturday homicide cases

    Sunday, August 20 2017 12:49 PM EDT2017-08-20 16:49:45 GMT

    Richmond Police is working two homicide investigations that happened just miles apart and within 20 minutes of each other. The first deadly shooting happened just before 11:00 p.m. Saturday in the 2400 block of Carmine Court. The victim was rushed to the hospital, where he later died. While officers were on the scene of the Carmine Court shooting, they were called to another scene in the 1400 block of Coalter Street. Once there, officers discovered a man with gunshot wounds in a sta...

    More >>

    Richmond Police is working two homicide investigations that happened just miles apart and within 20 minutes of each other. The first deadly shooting happened just before 11:00 p.m. Saturday in the 2400 block of Carmine Court. The victim was rushed to the hospital, where he later died. While officers were on the scene of the Carmine Court shooting, they were called to another scene in the 1400 block of Coalter Street. Once there, officers discovered a man with gunshot wounds in a sta...

    More >>
Powered by Frankly