Not your average payday loan store robbery
I have read a lot of stories about payday loan stores being robbed. A striking majority follow exactly the same plot: One or two men with a gun go into payday loan store, demand money, flee with an undisclosed amount of cash, police seek [...]
Best places to live in 2009
Every year, CNN’s Money Magazine names the best places to live. Today, the list of the 100 best small towns in the United States were published at money.cnn.com.
“Small towns,” according to Money Magazine, are places with populations of 50,000 or fewer. Rather than just rehash [...]
Measure voted down, 8-4
Much like neighboring state Arizona, Utah lawmakers have rejected a bill that would have capped interest rates on payday loans.
The House Business and Labor Committee voted on the bill today. If it had passed, lenders would have been limited to charging a 100 percent annual interest rate [...]
Bill calls for interest rate cap
Following the introduction of a bill involving payday loans in Utah, an editorial in the Deseret News discusses the topic. The bill seeks to put a 100 percent annual interest rate cap on payday loans. Here are some snippets from the commentary piece.
Not big fans
The [...]
Payday loans may be run out of Salt Lake City on a rusty rail. In case you missed it, here is part one of the story of how Salt Lake City has turned its back on its citizens’ financial well-being.
What certain Salt Lake council members REALLY think
Interestingly, reporter Derek Jensen [...]
In a thinly veiled attempt to ban payday loans, Salt Lake City has adopted a “no-clustering” rule that will restrict new check-cashing and no fax payday loan businesses from operating within 600 feet of one another. This is a move that Salt Lake City Council has resisted for some time, [...]