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

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  • Utah laws and regulations are one of the friendliest within the country for incredibly high-interest “car title loans,” relating to a brand new research by the customer Federation of America.

    Which comes following a Deseret Morning Information series this past week stated that Utah regulations likewise are being among the most lax nationwide 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 stores combined. Continue reading