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

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

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  • Utah guidelines are among the list of friendliest within the nation for exceedingly high-interest “car name loans,” based on a study that is new the customer Federation of America.

    Which comes after a Deseret Morning Information series this past week stated that Utah laws and 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 shops combined.

    Read moreUtah lax on automobile name loans. State called too friendly on high-interest deals