Most repay their payday loans without defaulting

The province of Utah has enacted important consumer safety protections for borrowers of payday loans, including a requirement that lenders offer an extended payment plan. This interest-free repayment option was codified into legal philosophy at the urging of our trade association for those who require more time to repay their loan. These protections enhance the value of the payday loan option for all consumers. This important customer option is similar...