Rep. Brad Daw, R-Orem, earlier said his bill represents compromises worked out with payday lenders to move some reforms forward after a more sweeping bill was defeated last year and had faced significant opposition this year. The bill's provisions now include: For first-time borrowers, payday lenders must check their ability to repay through commercial credit databases that include "sub-prime" loans such as payday lending. All lenders must report their loans to that database, which would help show if a borrower already has one or more payday loans outstanding. VIDEOS TOP JOBS small business commercial loan Before payday lenders sue borrowers for nonpayment, they must offer in writing an interest-free loan extension of 60 to 90 days. Payday lenders must report how many lawsuits they file annually against borrowers for nonpayment. They also must report how many payments were made by people sued before the lawsuits were filed. The industry has asserted that the lion's share of such lawsui

Rep. Brad Daw, R-Orem, earlier said his bill represents compromises worked out with payday lenders to move some reforms forward after a more sweeping bill was defeated last year and had faced significant opposition this year. The bill's provisions now include: For first-time borrowers, payday lenders must check their ability to repay through commercial credit databases that include "sub-prime" loans such as payday lending. All lenders must report their loans to that database, which would help show if a borrower already has one or more payday loans outstanding. VIDEOS TOP JOBS small business commercial loan Before payday lenders sue borrowers for nonpayment, they must offer in writing an interest-free loan extension of 60 to 90 days. Payday lenders must report how many lawsuits they file annually against borrowers for nonpayment. They also must report how many payments were made by people sued before the lawsuits were filed. The industry has asserted that the lion's share of such lawsui

Rep. Brad Daw, R-Orem, earlier said his bill represents compromises worked out with payday lenders to move some reforms forward after a more sweeping bill was defeated last year and had faced significant opposition this year. The bill's provisions now include: For first-time borrowers, payday lenders must check their ability to repay through commercial credit databases that include "sub-prime" loans such as payday lending. All lenders must report their loans to that database, which would help show if a borrower already has one or more payday loans outstanding. VIDEOS TOP JOBS small business commercial loan Before payday lenders sue borrowers for nonpayment, they must offer in writing an interest-free loan extension of 60 to 90 days. Payday lenders must report how many lawsuits they file annually against borrowers for nonpayment. They also must report how many payments were made by people sued before the lawsuits were filed. The industry has asserted that the lion's share of such lawsui

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