Why Two Local Banks Are on a Watchlist
A handful of Utah banks — including two in Salt Lake — have been put on a national watchlist for predatory lending practices. That has us worried! University of Utah law professor Chris Peterson, who specializes in consumer protection, joins host Ali Vallarta to break-down how Utah started exporting triple-digit interest rates — and whether it’s an indictment of FinTech.
Read Christie Porter’s piece in Salt Lake Magazine about the potential impact of Silicon Valley Bank’s demise in Utah.
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