Utah rep proposes bill to prevent payday loan providers from using bail cash from borrowers

Utah rep proposes bill to prevent payday loan providers from using bail cash from borrowers

For many years, Utah has provided a good climate that is regulatory high-interest loan providers.

By Anjali Tsui

Stocks

This short article initially showed up on ProPublica.

A Utah lawmaker has proposed a bill to prevent lenders that are high-interest seizing bail money from borrowers that don’t repay their loans. The balance, introduced within payday loans Texas the state’s House of Representatives this week, arrived as a result up to a ProPublica research in December. Continue reading “Utah rep proposes bill to prevent payday loan providers from using bail cash from borrowers”