facebook-pixel

Average Utah payday loan interest rate rises to nearly 528% annually — double what Mafia loan sharks charged in the 1960s

(Leah Hogsten  |  Tribune file photo)
Mr. Money at 4128 S. Redwood and Access 2 Cash at 4132 S. Redwood in West Valley City.
 After years of payday lenders having a relatively free rein in the state, legislative remedies are on the horizon and several cities have capped the number of payday loan industry outlets.

(Leah Hogsten | Tribune file photo) Mr. Money at 4128 S. Redwood and Access 2 Cash at 4132 S. Redwood in West Valley City. After years of payday lenders having a relatively free rein in the state, legislative remedies are on the horizon and several cities have capped the number of payday loan industry outlets.