Debtors prisons had been prohibited by Congress in 1833, however a ProPublica article that revealed the sweeping abilities of high-interest loan providers in Utah caught the interest of 1 legislator. Now, heвЂ™s wanting to do some worthwhile thing about it.
Feb. 14, 2020, 5 17 p.m. EST
Series The Brand New Debtors Prisons
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A Utah lawmaker has proposed a bill to quit high-interest loan providers from seizing bail funds from borrowers whom donвЂ™t repay their loans. The bill, introduced when you l k at the stateвЂ™s House of Representatives this week, arrived as a result up to a ProPublica research in December. This article revealed that payday loan providers along with other high-interest creditors regularly sue borrowers in UtahвЂ™s tiny claims courts and just take the bail cash of these who will be arrested, and often jailed, for lacking a hearing. Continuer la lecture de Utah Representative Proposes Bill to cease Payday Lenders From Using Bail Cash from Borrowers