High-interest loan companies are using Utah’s small claims courts to arrest borrowers and take their bail money. Technically, the warrants are issued for missing court hearings. For many, that’s a distinction without a difference.
As Peterson put it, “They’re handcuffing and incarcerating people in order to get money out of them and apply it towards insanely high interest rate loans.”
Chris on ABC4 Utah with Glen Mills .
Chris on the radio advocating for working families, teachers, and kids. He supported the tax referendum and opposes the food tax,
Utah House Minority Leader Brian King, D-Salt Lake City, Utah Rep. Patrice Arent, D-Millcreek, and Salt Lake County Councilwoman Shireen Ghorbani.
"He's intelligent, principled and honest. ... Utahns will benefit from his leadership," King said.
Arent called Peterson a "strong leader who has the judgment and experience to be an excellent governor," while Ghorbani said he is "exactly the governor Utah needs."
“It is an important test of what level of independence executive agencies can have in the latest version of the Roberts court,” Christopher L. Peterson, a former senior CFPB official and a professor at the University of Utah’s Law School, said of Chief Justice John G. Roberts Jr. "
Chris is the drafter of the Veterans and Consumers Fair Credit Act which has been introduced in the House (H.R. 5050) and Senate (S. 2833) and would impose a 36% national usury limit on most forms of consumer credit. Chris was recently our guest for a podcast in which he discussed the rationale for the rate limit, its potential impact on credit access, the implementation process if enacted, and the bill’s status and political prospects. Click here to listen to the podcast.