Quick growth of payday shops in Utah cools
As more Utah metropolitan areas restrict the variety of “payday loan” shops вЂ” which provide two-week loans, or through to the next payday, for approximately 500 % yearly interest вЂ” the once-explosive development in that industry has cooled right here.
The sheer number of such brick-and-mortar shops expanded by 5 % in Utah this from 380 to 399, according to Deseret News analysis of registration data provided by the Utah Department of Financial Institutions year.
Furthermore, another 65 lenders that are payday outside of the state are registered to use in Utah through the Web or mail. أتمم القراءة…
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