From Deseret News archives:
Military town limits payday lenders
The City Council voted 5-0 Wednesday to require new payday lenders to get a special operating permit that must be approved by the council. Such stores will be classified as adult businesses, much like adult book stores, and will not be allowed within 1,000 feet of a similar business or 500 feet of a home, church, park or school.
Maj. Gen. Michael R. Lehnert, commanding general of Marine Corps Installations West, told the council in January that troops were falling into serious financial trouble because of payday loans with annual interest rates of as much as 2,000 percent.
Oceanside, a city of 175,000 people, has 21 payday operations.
Several council members and some speakers said the Marine Corps should work harder to educate its troops about the dangers of such lending establishments.
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