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Tag Archives: David Farnsworth

GOP lawmaker targets high-interest lenders

Finance Company That Makes Loans on Car Titles

A Mesa GOP lawmaker is proposing what he concedes is a very un-Republican thing. Sen. David Farnsworth has introduced two bills to cap the interest rate that can be charged by title lenders at 36 percent. That compares with rates that run as high as 17 percent – a month.

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Senate stalls on budget again (access required)

Black and white chess knights standing face to face over white background

Instead, Fann, R-Prescott, emerged from her office shortly before 6 p.m. Saturday to end the day and apologize to a group of red-shirted teachers, many of whom had spent their first day of summer vacation watching a mostly-empty Senate floor.

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