Riverton to hold public meeting on payday lenders

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RIVERTON -- Check-cashing businesses may soon find it difficult to move into Riverton.

The city council will hold a public hearing Tuesday night on an amendment to cap the number of payday lenders.

The amendment would limit lenders in the city to one per 10,000 residents and require the businesses to be at least 600 feet apart.

The city already has two check-cashing businesses. With a population of nearly 40,000, the amendment would limit Riverton to four businesses.

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