Below can be an editorial into the October 5 Cedar Rapids Gazette referencing CCI usersвЂ™ strive to enact regional cash advance ordinances and also the requirement for the Iowa legislature to simply simply take necessary action to break straight down with this predatory practice.
Predatory loans require statewide fix
By The Gazette Editorial Board
Cedar Rapids may join a few other Iowa towns in establishing limitations on where brand brand brand new cash advance companies can run. ItвЂ™s an effort to rein into the growth of the usually problematic industry, that provides small-dollar, short-term loans to individuals who might possibly not have access to more traditional personal lines of credit вЂ” though at a hefty price.