We like Utah again
March 3, 2009 | Deseret News, Utah, industry, regulation | Comments (0)We’ve been questioning Utah’s commitment to free markets based on the editorials we’ve read. Apparently, the newspapers are out of touch with the people’s representatives. From the story:
On Tuesday, {The House Business & Labor Committee} killed by a straight party-line vote of 8-4 a bill that would have limited payday lenders to charging no more than 100 percent annual interest. A Deseret News survey in 2005 showed they charge a median 521 percent in Utah, or $20 for every $100 they loan for two weeks.
That”ll teach us to let newspapers get us excited.
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