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Tag Archives: payday loan reauthorization

Math doesn’t work for AZ payday loan industry

The math isn't adding up for Arizona's payday loan industry. The industry that provides small short-term loans is fighting in the Legislature to keep itself alive beyond a June 30 termination date that was included in the authorization law enacted 10 years ago.

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Lights out on payday loans (access required)

Next year, the Arizona Legislature will decide whether to eliminate payday lending in the state, which presents a dilemma for Republican lawmakers who will have to decide between their free-enterprise beliefs and a moral objection to the large fees on short-term loans.

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