Nashville proposes to limit all-night operations

Franklin-based Advance Financial says it would have to lay off around 300 employees in Davidson County if a bill banning 24-hour payday loan stores were to pass.
Franklin-based Advance Financial says it would have to lay off around 300 employees in Davidson County if a bill banning 24-hour payday loan stores were to pass.
photo Franklin-based Advance Financial says it would have to lay off around 300 employees in Davidson County if a bill banning 24-hour payday loan stores were to pass.

Cash advance and check-cashing establishments in Nashville would be unable to stay open 24 hours a day under legislation proposed in the Metro Council.

A bill sponsored by Metro Councilman Jason Holleman -- which calls those companies "particularly dangerous and detrimental to the community" when they operate in the middle of the night -- would prohibit them from operating between midnight and 6 a.m.

If approved, the measures would mark the second set of new regulations to target Nashville's payday loan industry after the council in November voted to restrict new payday businesses as well as pawn shops from locating within one-quarter of a mile from where another already exists.

Read more at The Tennessean.

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