Op-ed: Utah families require payday financing reform

Op-ed: Utah families require payday financing reform

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The other day saw an essential development within the long simmering public debate over “payday” lending. As most Utahns understand, payday advances are reasonably tiny loans, typically about $375, lent with an understanding to repay once the debtor gets their next paycheck. Payday advances have actually exceptionally high interest levels averaging about 400 per cent each year. Read More