Utah lax on automobile name loans. State called too friendly on high-interest discounts

Utah lax on automobile name loans. State called too friendly on high-interest discounts

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  • Utah legislation are one of the friendliest within the country for acutely high-interest “car name loans,” based on a brand new research by the customer Federation of America.

    Which comes after having a Deseret Morning Information series this past week stated that Utah laws and regulations likewise are one of the most lax nationally for also-high-interest “payday loans” — that has helped attract more payday loan shops right here than 7-Elevens, McDonald’s, Burger Kings and Subway shops combined.

    Needless to say, the lenders that are same provide both forms of loans. [Read more…]