The New Debtors Prisons
How companies are putting borrowers behind bars
State laws that give extensive powers to creditors, combined with aggressive collections efforts, let payday lenders, medical-debt collectors, and corporations take control of courts in some parts of the country.
The New Debtors Prisons
Utah Representative Proposes Bill to Stop Payday Lenders From Taking Bail Money from Borrowers
Debtors prisons were banned by Congress in 1833, but a ProPublica article that revealed the sweeping powers of high-interest lenders in Utah caught the attention of one legislator. Now, he’s trying to do something about it.
