Utah Representative Proposes Bill to avoid Payday Lenders From Using Bail Cash from Borrowers
Debtors prisons had been prohibited by Congress in 1833, but a ProPublica article that revealed the sweeping abilities of high-interest loan providers in Utah caught the interest of just one legislator. Now, heвЂ™s wanting to do something positive about it.
Series: The Brand New Debtors Prisons
Exactly exactly How businesses are placing borrowers behind pubs
ProPublica is a newsroom that is nonprofit investigates abuses of energy. Subscribe to get our biggest tales the moment theyвЂ™re published.
A Utah lawmaker has proposed https://fastcashcartitleloans.com/payday-loans-ny/ a bill to get rid of high-interest loan providers from seizing bail funds from borrowers whom donвЂ™t repay their loans. The balance, introduced into the stateвЂ™s House of Representatives this came in response to a ProPublica investigation in December week. This article revealed that payday loan providers along with other loan that is high-interest regularly sue borrowers in UtahвЂ™s tiny claims courts and use the bail cash of these that are arrested, and often jailed, for lacking a hearing. (mehr …)