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Sandy limits payday lenders e latest town within the Salt Lake Valley to position limitations on pa

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Sandy limits payday lenders e latest town within the Salt Lake Valley to position limitations on pa

City limits figures; S.L. may follow suit

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Sandy may be the latest town when you look at the Salt Lake hop over to these guys Valley to put restrictions on payday cash-loan companies, and Salt Lake City might be next.

The Sandy City Council voted Tuesday that is 4-3 night accept an ordinance restricting how many cash advance companies into the town. The Salt Lake City Council, meanwhile, delivered the situation to its preparation payment for further conversation.

Generally known as “check always advance,” “title loans” and “non-depository” organizations, the ongoing organizations offer short-term loans at interest levels of 400 per cent or more. (more…)

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