45,000 Utahns could not pay off payday loans last year

The payday loan industry insists that the vast majority of its customers can afford the high-interest loans. But last year, 45,655 Utahns — roughly the population of Bountiful — could not pay off those loans in the 10 weeks that they can be extended."That's pretty bad," says Rep. Brad Daw, R-Orem, an outspoken critic of such loans. "I think it obviously belies the industry's claims" that its loans are not a "debt trap" where borrowers often take out more loans to pay off earlier ones