Quick growth of payday shops in Utah cools

Quick growth of payday shops in Utah cools

Much more Utah towns and cities restrict the variety of “payday loan” shops — which provide two-week loans, or before the next payday, for approximately 500 % yearly interest — the once-explosive development in that industry has cooled right right right here.

The sheer number of such brick-and-mortar shops expanded by 5 per cent in Utah this from 380 to 399, according to Deseret News analysis of registration data provided by the Utah Department of Financial Institutions year. Continue reading “Quick growth of payday shops in Utah cools”

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