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Belleville City Council limits payday lenders

News-Democrat - The Belleville City Council on Monday approved an ordinance limiting to three the number of consumer installment loan or "payday lending" businesses which may operate in the city. The ordinance also requires owners of the businesses to receive a ...

Source: http://search.msn.com:80/news/results.aspx?q=payday
 

A payday loan or paycheck advance is a small, short-term loan (typically up to $1,500 in the U.S.) that is intended to bridge the borrower's cash flow gap between paydays.