Utah’s payday loan rates are 2nd highest in America

Study says they cost an average 652% annual interest. Only Texas is higher.

(Leah Hogsten | Tribune file photo) A new study says payday loan rates in Utah are the second-highest in America. Only Texas is higher.

(Leah Hogsten | Tribune file photo) A new study says payday loan rates in Utah are the second-highest in America. Only Texas is higher.

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Interest on a typical Utah payday loan rises to 554% APR

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