Utah families need payday lending reform
Better Utah
October 23, 2017
Source: Deseret News Last week saw an important development in the long simmering public debate over “payday” lending. As most Utahns know, payday loans are relatively small loans, typically about $375, lent with an agreement to repay when the borrower receives their next paycheck. Payday loans have extremely high interest rates averaging about 400 percent per