Wauwatosa To Discuss Loan Pay Store Ban
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Wauwatosa residents will have the chance to voice their opinions about loan stores popping up in their neighborhoods Tuesday night.
Wauwatosa already has an ordinance restricting cash advance stores from certain parts of the city because they worry those stores attract crime.
Now some loan stores are reclassifying themselves to get around the ordinance and those businesses are ready to move in. EZCorp Inc. owns EZPay loan and pawn shop stores across the country. They offer small and short-term loans to customers fo a fee, and they want to set up shop along North Avenue in Wauwatosa.
Tuesday night, Wauwatosa residents are invited to a public hearing that will discuss strengthening it’s ban on loan stores within city limits. The proposed language would prevent all loan businesses, including H&R Block from opening up.
The hearing is scheduled for 7:30 p.m. Tuesday at City Hall.
After the public hearing, the matter will go back to committee and eventually before the city council for a vote.
In the meantime, EZCorp Lawyers are suing the city for the right to open its business, saying the ordinance took effect after the company applied for its occupancy permit and therefore doesn’t apply.
