This is an archived article that was published on sltrib.com in 2007, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Salt Lake City is on its way to joining a growing list of cities that are restricting payday loan companies.
On Tuesday, the City Council voted to direct attorneys to draft an ordinance that could limit such check-cashing businesses from concentrating in certain locations and restrict them based on the city's population.
Once drafted, the ordinance would have to be approved by the council.
Councilwoman Nancy Saxton, who is running for mayor, sought the ordinance. She acknowledged it wouldn't stop predatory lending. Nor would it outlaw check-cashing businesses.
"But it is to have some controls so we have a better feel in our city," she said.
- Heather May