Payday lenders are not well regulated
(UNEDITED) I strongly disagree with Richard Rawle’s recent letter regarding payday lenders in which he speaks about Ogden City’s efforts to over regulate an already well-regulated business. Payday lenders in Utah are hardly well-regulated. Utah is one of only 4 states with no cap on loan fees or interest rates. The others are Delaware, South Dakota and Nevada. 13 states have made payday lending illegal or virtually impossible. Is it any wonder we see more and more payday loan businesses popping up in our communities here in Utah.
