Henderson City Council May Limit Payday Loans’ Growth
By Roman ParchowskyPayday Loan Writer
Las Vegas, NV — The Henderson City Council is concerned that the payday loan industry is growing too fast in Henderson. Although they recently allowed two more payday loan stores to open, they scolded the industry for its perdatory practices and warned that a new ordinance is being prepared for Henderson.
Unlike North Las Vegas, Henderson has no plans to enact a moratorium on payday loan companies seeking a permit. In July, North Las Vegas put a six-month halt on new permits while the city considers a range of ideas from limiting the number of licenses allowed per year or by population or even an outright ban on new businesses.
Henderson, however, is focusing on other regulations under consideration in North Las Vegas, including limiting the number of payday loan companies close to each other, to schools and to homes. Once a staff review is completed in upcoming months, the council will consider an ordinance.
