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Caldwell Council passes rule on payday loan shops

Caldwell Council passes rule on payday loan shops

By The Associated Press. CREATED Dec 17, 2013

CALDWELL, Idaho (AP) -- Officials in a southwestern Idaho city have passed new rules limiting where payday loan businesses can open shop.

The Idaho Press-Tribune reports the Caldwell City Council unanimously passed an ordinance this week limiting new payday loan businesses to manufacturing and light industrial zones. The rules mean that if a payday loan company wants to open a storefront in a populated area, it will have to get a special use permit first.

The ordinance was pushed by the Idaho Community Action Network. The organization's director, Terri Sterling, says she is meeting with other city leaders in the Boise region in an effort to get similar ordinances passed.