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. 

  • Trending StoriesTrending StoriesMore>>

  • Accused serial rapist and killer undetected working as cop

    Accused serial rapist and killer undetected working as cop

    Thursday, April 26 2018 2:39 AM EDT2018-04-26 06:39:08 GMT
    Thursday, April 26 2018 9:41 AM EDT2018-04-26 13:41:32 GMT
    (AP Photo/Rich Pedroncelli). Sacramento County Sheriff Scott Jones, left, talks to reporters about the arrest Joesph James DeAngelo, seen in photo, on suspicion of committing a string of violent crimes in the 1970's and 1980's after a news conference. ...(AP Photo/Rich Pedroncelli). Sacramento County Sheriff Scott Jones, left, talks to reporters about the arrest Joesph James DeAngelo, seen in photo, on suspicion of committing a string of violent crimes in the 1970's and 1980's after a news conference. ...

    The suspected Golden State Killer became less prolific but deadlier after losing his job as a police officer.

    More >>

    The suspected Golden State Killer became less prolific but deadlier after losing his job as a police officer.

    More >>
  • Texas gang member executed for killing girl, grandmother

    Texas gang member executed for killing girl, grandmother

    Wednesday, April 25 2018 12:55 AM EDT2018-04-25 04:55:40 GMT
    Thursday, April 26 2018 1:23 AM EDT2018-04-26 05:23:56 GMT
    (Texas Department of Criminal Justice via AP). This undated photo provided by the Texas Department of Criminal Justice shows Erick Davila. Attorneys for the Texas death row inmate want the U.S. Supreme Court to halt his scheduled execution this week fo...(Texas Department of Criminal Justice via AP). This undated photo provided by the Texas Department of Criminal Justice shows Erick Davila. Attorneys for the Texas death row inmate want the U.S. Supreme Court to halt his scheduled execution this week fo...
    Attorneys for a condemned Texas prisoner are asking the US Supreme Court to halt his execution for killing a young girl and her grandmother in 2008.More >>
    Attorneys for a condemned Texas prisoner are asking the US Supreme Court to halt his execution for killing a young girl and her grandmother in 2008.More >>
  • Geologists say N. Korea's nuclear test site likely collapsed

    Geologists say N. Korea's nuclear test site likely collapsed

    Wednesday, April 25 2018 9:28 PM EDT2018-04-26 01:28:35 GMT
    Thursday, April 26 2018 9:32 AM EDT2018-04-26 13:32:04 GMT
    A study by Chinese geologists shows the mountain where North Korea has conducted five successive nuclear bomb tests has collapsed. North Korean leader Kim Jong Un recently announced an end to the nation’s nuclear testing. (AP Photo/Wong Maye-E)A study by Chinese geologists shows the mountain where North Korea has conducted five successive nuclear bomb tests has collapsed. North Korean leader Kim Jong Un recently announced an end to the nation’s nuclear testing. (AP Photo/Wong Maye-E)
    A study by Chinese geologists shows the mountain where North Korea has conducted five successive nuclear bomb tests has collapsed. North Korean leader Kim Jong Un recently announced an end to the nation’s nuclear testing. (AP Photo/Wong Maye-E)A study by Chinese geologists shows the mountain where North Korea has conducted five successive nuclear bomb tests has collapsed. North Korean leader Kim Jong Un recently announced an end to the nation’s nuclear testing. (AP Photo/Wong Maye-E)

    A study by Chinese geologists shows the mountain where North Korea has conducted five successive nuclear bomb tests has collapsed.

    More >>

    A study by Chinese geologists shows the mountain where North Korea has conducted five successive nuclear bomb tests has collapsed.

    More >>
Powered by Frankly