Members of the Chattanooga, Tenn., City Council have delayed a decision on a new law that would require a 1,300-foot separation between “alternative financing” businesses like pawnshops, title loan stores and payday lenders. Council members have been concerned about the rapid growth of those types of businesses in the city and a report from the Regional Planning Agency that indicates they depress the value of surrounding property, according to the Chattanooga Times Free Press. An attorney for the alternative financing businesses says the city is just trying to legislate taste.

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