Utah Representative Proposes Bill to get rid of Payday Lenders From Using
Bail Cash from Borrowers
Debtors prisons had been prohibited by Congress in 1833, however a ProPublica article that revealed the sweeping abilities of high-interest loan providers in Utah caught the interest of just one legislator. Now, he’s wanting to do something positive about it.
Feb. 14, 5:17 p.m. EST
Series: This New Debtors Prisons
just How businesses are placing borrowers behind pubs
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A Utah lawmaker has proposed a bill to avoid lenders that are high-interest seizing bail funds from borrowers whom don’t repay their loans. The balance, introduced within the state’s House of Representatives this came in response to a ProPublica investigation in December week. […]
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