Utah Representative Proposes Bill to cease Payday Lenders From Using Bail Cash from Borrowers

Utah Representative Proposes Bill to cease 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 1 legislator. Now, he’s wanting to do some worthwhile thing about it.

Feb. 14, 2020, 5 17 p.m. EST

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A Utah lawmaker has proposed a bill to quit high-interest loan providers from seizing bail funds from borrowers whom don’t repay their loans. The bill, introduced when you l k at the state’s House of Representatives this week, arrived as a result up to a ProPublica research in December. […]

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