These businesses should be regulated by the Unified Government of Wyandotte County/Kansas
City, Kansas because certain payday and title loan lending practices have proven detrimental
to the financial security of individuals and families residing in the city. Payday
and title loan lending practices often have an unreasonably adverse effect upon the
elderly, the economically disadvantaged and other residents of the city. Frequently,
taking a payday or title loan puts borrowers in much worse financial shape than before
they took the loan. Therefore, the purpose of this article is to require licensing
for the purpose of regulating certain payday and title loan lending practices to minimize
the detrimental effects of such practices on the citizens of the city by regulating
payday and title loan lending practices occurring in the city, consistent with the
laws of the state. Furthermore, the unified government finds there is a need to regulate
the placement and location of payday and title loan businesses throughout the city.
A clustering of these businesses can have a detrimental effect on the neighborhood
and create the appearance of a commercial district in decline. These businesses do
not create much foot traffic for adjacent businesses and a proliferation of them at
particular locations can overwhelm a neighborhood and can be a disincentive for the
location of other neighborhood businesses in close proximity to them. Finally, the
fact that many surrounding communities in the metropolitan area are adopting or considering
adopting restrictions on the location of such businesses could result in the unified
government having an undue concentration of these businesses in the city unless location
regulations are enacted.
(Ord. No. O-80-08, § 1, 11-20-2008)
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