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Utahns Favor Limits on Payday Loans

Most Utahns want stronger consumer controls on the state’s payday loan industry, a new UtahPolicy poll finds.

Payday loans have been an issue in about every general legislative session over the past few years. Lawmakers convene Jan. 26 for their 2015, 45-day general session and payday loan regulation will again be an issue.

And such loans – which can reach over 400 percent annually in Utah’s relatively-unregulated industry – and those who provide them were at the heart of disgraced former AG John Swallow’s 2012 campaign donation scandal.

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