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Without a doubt about Salt Lake toying with restrictions on payday loan providers

12. February 2021 in payday loans for bad credit direct lenders

Without a doubt about Salt Lake toying with restrictions on payday loan providers

You’ve heard of commercials: if you should be brief on cash, stop by — with a check that is post-dated and now we’ll loan you the thing you need, with interest up to 500 % yearly.

Now, a Salt Lake City Council user really wants to slow the growth of those continuing companies, referred to as payday lenders.

Nancy Saxton is proposing that the council make companies offering payday loans a conditional zoning usage, which may give the council last state before such company could run inside the city. She’d also cap the wide range of loan providers within the city according to population or restrict their proximity to one another. Read the rest of this entry →