Lee Davidson reports in The Salt Lake Tribune that
Utah payday lenders charged an average 459% annual interest on
tens of thousands of loans issued in 2015, according to the Utah Department of Financial Institutions. Some Utah payday lenders charged annual interest as high as
1,408% — or $27 a week on a $100 loan.
http://www.sltrib.com/news/4785118-155/utah-payday-lenders-average-interest-rate
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