The Long Beach City Council this week approved a resolution that will allow check cashing places to be established only if 1,320 feet apart from other such businesses and allow cops access to live video feed.
Following a public hearing during which proponents of check cashing places spoke about the need for lower-income people to have a place to cash checks and get easy loans and opponents said the establishments have predatory practices, the council voted to allow new establishments, with certain caveats.
In November of last year, the city council placed a one-year moratorium on check cashing businesses; the year is nearly over and the council had directed staff to return with amendments to regulate check cashing/payday loan services in the city.
The amendments include a prohibition against having such businesses in neighborhood commercial areas, planned development areas and industrial zones.
The city wants to avoid a concentration of such types of businesses and forestall gridlock that could occur in commercial areas heavily trafficked by area residents.
Included in the ordinance is a provision to allow police Internet Protocol addresses, names and passwords to allow police access to live and recorded surveillance video from every check cashing/payday loan business.
The ordinance also applies to car title and signature loan places.