Collection agencies would get special treatment under revised Utah bill

A bill in the Utah Legislature this year started out as a plan to stop a high-interest lender that had found a way to jail some borrowers who default on loans and then seize their bail money.Proposed changes to that bill almost allowed the lender, and some others, to continue the practice — and instead aimed to prevent the state’s payday lenders from starting to do the same thing.Ironically, those payday lenders — often criticized for charging more than 500% annual interest &md