Payday Loan Industry Watch Home News: Archive News: Recent News: RSS Newsfeeds News: Archive News: By State News: By Big 7 Podcasts Reviews Tips Links
About Us
Contact Us
Donate/Sponsor
Site Help
Find a Lender
Header

Keizer will await 2007 payday-loan law

August 9, 2006 - Salem, Oregon

Keizer leaders have decided that a state law restricting payday loans is enough for their city, even though it won't go into effect until next summer.

The City Council voted 5-2 Monday against further discussion of a separate law with an earlier time frame, said Keizer City Councilor Charles Lee, who proposed the ordinance.

"I'm disappointed that we won't give citizens a chance to look at this in more depth," Lee said.

Similar ordinances are in effect in Bend, Oregon City, Silverton, Troutdale, Gresham and Portland.

"The (state) law is one of the most restrictive in the country," said councilor Troy Nichols, who voted against considering an ordinance for Keizer. "We only have three (lenders) in Keizer that offer those types of loans."

Councilor Richard Walsh was the only other city councilor to vote in favor of taking a closer look.

"I think there's an issue there," he said. "Whether we needed to do more than what the Legislature has already done, I don't know, but I was in favor of looking into it."

Councilors had two main concerns, Keizer Mayor Lore Christopher said.

"There were suggestions that this could become a campaign issue," she said. "And there just wasn't any support for it."

The other issue is the use of resources toward something that already has been decided.

"To waste staff time to deal with this when an ordinance doing the same thing will go into effect in a few months is a tremendous waste of time," Nichols said.

News Source

Statesman Journal, Timothy Alex Akimoff, Staff Writer

Related Stories - Oregon

Return

See: Recent News | Archived News | RSS Newsfeeds | News by State
Go to PLIWatch.org home.

E-mail This Page Open a new window and send this page to a friend.
Share this page by E-mail.
Reviews Reviews page.
July 21 - WeGiveCash claimed we could get $1,500. But, after entering qualifying customer information, we were declined and then forwarded to another Web site to re-apply.
Podcasts Podcasts page.
Interview with David Farias - Founder, FYGO.com
Payday loan opponents caution people against taking payday loans. We interviewed David to better understand the practice and viability of an emerging source for loans: The Internet social lending network.

Interview with Pete Kowenhoven - Special Agent, FBI
Interview with Dr. Tom Lehman - Author of 'In Defense of Payday Lending'
Interview with Bill McCloskey - Email Data Source President and CEO
Find a Lender Find a Lender page.
Claims to lend
To residents of
With fees per $100 loaned
On the Web since
reviewed by PLIWatch
small payday loan industry watch logo
Recent RSS Newsfeeds Archive Shown by State Shown by 'Big 7'
Home News & RSS Podcasts Reviews Tips Links Find a Lender About Us Contact Us Donate / Sponsor Site Help
Terms of Use Privacy Policy Site Map copyright © 2005-2022 pliwatch.org all rights reserved Updated: Nov 22, 2022 07:57 EST