Foe of payday advances loses battle in home committee

Foe of payday advances loses battle in home committee

SALT LAKE CITY — A bill directed at restricting people to two loans that are payday a time passed away in a property committee after lawmakers heard both people ravaged by the short-term, high-interest loans and from advocates with respect to the industry it self.

Rep. Brad Daw, R-Orem, sponsored HB 144.

“once I first went for workplace in 2004, it was an extremely concern that is big it is been a continuing concern for a while,” Daw told the Standard-Examiner previously this week. “But it absolutely wasn’t until 2010 that we finally had sufficient constituents having said that you have to do one thing.”

In those days, Daw started considering feasible solutions, which place him at chances aided by the industry that donated big sums of cash to different candidates that are in-state. A home research revealed that some of these bucks funded attack mailers and telephone calls that helped bump Daw away from workplace in 2012. But voters came back him to office last November and he took another swipe during the industry with a bill he referred to as a flat-out ban or a free-for-all.

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