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

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

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  • Utah legislation are among the list of friendliest within the country for excessively high-interest "car name loans," based on a brand new study by the buyer Federation of America.

    Which comes after having a Deseret Morning Information series this past week stated that Utah legislation similarly are one of 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.