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As part of reporting required by a new disclosure law, Utah payday lenders say 99.9 percent of their high-interest loans are paid off before they reach their legal extension limit of 10 weeks — a sign that the loans are affordable and are not ...

New Utah payday loans data: fishy or proof poor can afford them?

LAYTON -- The number of businesses in this city that issue payday loans, cash checks and defer deposits for ... the council entered into an agreement with USA Cash Services of Utah to allow the business to open a second location in Layton.

USA Cash Services of Utah gets second Layton location

Lenders submit the robust repayment statistic as proof that payday loans are indeed financially manageable, even for borrowers with modest incomes. “The results from the Utah study will hopefully do wonders in continuing to rehabilitate the image of the ...

Personal Cash Advance Responds to Loan Repayment Report

What do 400 percent APR loans look like? To borrow $100 for a week you can expect to pay $8. We are already subject to a high level of regulation in Utah. Payday lenders offering loans to local residents are regulated by the Utah Department of Financial ...

The case against overregulated payday lending

As Minnesotans struggle financially in tough economic circumstances, some payday lenders are taking their business online, charging customers big fees for small cash loans. ST. PAUL ... Ltd., LLC in Salt Lake City, Utah; Sanguine, Inc. of ...

Minnesota Commerce Department cracks down on unlicensed Internet payday lenders

If the easy payday-to-payday loan option were not available to low-income people, would the resulting economic adaptations by individuals be good for society at large? That is a good question to ask the Utah Legislature.

Payday loan limits

The administration is planning to turn up the heat on senators, by making officials — and Obama himself — available to print and broadcast journalists in deep-red Alaska, Indiana, Tennessee and Utah ... rely on payday loans, according to research ...

President Obama pushes fight for Richard Cordray

There is something terribly wrong with Utah Republican Senator Orrin Hatch and ... mortgage lenders and servicers, payday lenders, securities firms, student loan servicers and other financial service businesses that have cost American consumers billions ...

Something’s terribly wrong with Senator Orrin Hatch

The Utah senators don’t oppose Cordray personally ... the oversight it can offer is limited. The actions of payday lenders, credit reporting companies and private student loan firms, for example, are off the table for the Consumer Financial ...

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