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Article: Salt Lake County considering half-year moratorium on new check-loan stores.
- Article from:
- The Salt Lake Tribune (Salt Lake City, UT)
- Article date:
- September 28, 2007
CopyrightCOPYRIGHT 2007 The Salt Lake Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeremiah Stettler
Sep. 28--Salt Lake County may put a pinch on the proliferation of payday-loan stores.
Officials are considering a six-month ban on new payday lenders in unincorporated Salt Lake County, hoping to buy enough time to bridle what council members consider a morally questionable business.
The County Council -- which informally endorsed the idea unanimously this week -- will decide Tuesday whether to enact the moratorium.
"I don't think the free market is going to regulate this industry," Councilman Joe Hatch said. "We have a duty to our citizens to at least limit its growth."
The moratorium isn't exactly ...