Lewisville eyes community loan center concept as pay day loan alternative

By STEVE SOUTHWELL

The Lewisville City Council heard a presentation in workshop session Monday that is last night the proposition for developing a Community Loan Center (CLC). A CLC would form teams employers within the city with an organization that is non-profit offer lower-interest loans as much as $1,000, reimbursed via payroll deductions.

The council has looked over regulating the payday financing industry. Nevertheless when they asked for options before continuing into legislation, Assistant City Manager Claire Swann placed the CLC concept instead of lending that is payday wouldn’t normally price the city almost anything to begin. Читать далее Lewisville eyes community loan center concept as pay day loan alternative