Terry Goodman
“Very frankly, the harder I can make it on these folks to locate in the city of Overland Park the better.”
Overland Park City Councilman Terry Goodman wants to make it tougher for payday lenders to open up shops in his city…
A proposal endorsed by a City Council committee would keep payday loan shops:
- 200 feet from residential neighborhoods
- at least one mile apart from each other
Payday loan shops would also require a special license with an annual fee of $1000. (Currently, massage parlors and adult businesses require similar licenses with annual fees of $300 and $250, respectively.)
Terry Goodman was elected to the Overland Park City Council in April 2001 and again in April 2005. He is a member of the Finance Administration & Economic Development Committee as well as the Community Development Committee.
Sources:
Overland Park Studies Crackdown on Payday Loan Shops by Brad Cooper (The Kansas City Star)
City of Overland Park, Kansas (Official Site)
Mr. Goodman wants to make things difficult for payday lenders. Unfortunately, he will also make things difficult for consumers. Distance requirements inconvenience borrowers, stifle competition and raise prices. To learn more, please read Five Payday Loan Laws that Hurt Consumers in our Articles category.
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