Utah too lax on payday loan providers?

Utah too lax on payday loan providers?

Companies see friendly guidelines and monetary allies right here

  • Linda Hilton, an advocate when it comes to poor, says lenders that are payday most into bankruptcy. Laura Seitz, Deseret Early Morning Information
  • Former Sen. James Evans, shown in 2003, has Check Line, Check Action and Rainbow Check Cashing. Michael Brandy, Deseret News morning
  • Frank Pignanelli, present in 2003, was really a banking lobbyist and pay day loan team spokesman who states the cash advance company is “a beneficial business.” Scott G. Winterton, Deseret Early Morning Information
  • Deseret Morning Information graphic

Final in a series that is three-part

Linda Hilton, an advocate when it comes to bad, abhors “payday loans.”

On average, they charge 521 % annual fascination with Utah. Some cost almost 1,000 percentage. And Hilton claims she’s seen a lot of men forced into bankruptcy or homelessness by them. Continue reading “Utah too lax on payday loan providers?”