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ProPublica logo design. Utah Agent Proposes Costs to end Payday Lenders From Using Bail Funds From Individuals

ProPublica logo design. Utah Agent Proposes Costs to end Payday Lenders From Using Bail Funds From Individuals

Debtors prisons comprise prohibited by Congress in 1833, but a ProPublica article that disclosed the sweeping influence of high-interest lenders in Utah caught the attention of a single legislator. Today, he’s trying to do something about they.

Feb. 14, 2020, 5:17 p.m. EST

Series: New Debtors Prisons

Exactly how organizations are placing borrowers behind bars

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A Utah lawmaker have suggested a costs to quit high-interest loan providers from seizing bail money from borrowers which don’t pay their unique financial loans. The balance, launched into the state’s House of Representatives this week, came in a reaction to a ProPublica investigation in December. The content uncovered that payday lenders along with other high-interest creditors routinely sue https://speedyloan.net/payday-loans-ok/pryor/ borrowers in Utah’s small-claims courts and use the bail money of the who’re detained, and quite often jailed, for lost a hearing. Celý příspěvek

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