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Arizona’s pro-business climate is magnet for clean energy investment, but won’t last without skilled workers
Arizona has a strong track record of attracting new business investment and job creation across a host of economic sectors, including aerospace, bioscience, financial services and technology. But this will only last if Arizona can maintain the skilled workforce needed to translate investment dollars into actual working businesses.
Banks as tenants: Cleaning and maintaining foreclosed properties bad for banks, good for specialists
The time, effort and money required to upkeep a home that normally would have been put in by the homeowner shifts to the bank when occupants desert their house. Lenders have to pay to clean up their sometimes-trashed properties to get them ready to sell. These properties, which will sell at a drastically lower price than when they were new, are putting a great strain on those institutions’ profi[...]
Brewer was right to veto health insurance bill
I suspected Gov. Jan Brewer would veto SB1593 and applaud her for doing so.
This bill was yet another example of a misguided Legislature embracing a feel-good piece of legislation that was promoted by health insurance reform advocates, such as Dr. Eric Novack.
Licensing overload; Financial Institutions has thousands of new businesses to license, regulate
A state law nearly doubling the amount of loan originators and brokers who must be licensed and monitored by the state has increased the workload of a staff already struggling to keep up with approving new mortgage-originator licenses, regulating existing businesses and protecting consumers.
UpClose with Lauren Kingry
Lauren Kingry was looking for a way to make some money while attending Friends University in Wichita, Kan., where he took a job working as a mail boy in a family-owned bank. He had no idea it would be the beginning of a four-decade career in banking, leading to a position overseeing the Arizona Department of Financial Institutions, the regulating agency for 3,800 businesses across the state.
Payday lender going after Seel for bounced check
A state representative is being sued in small claims court for failing to repay a payday loan.
Payday lenders in Arizona call it quits
Some payday lenders in Arizona have already shut their doors and more are expected to follow when a law authorizing their high-interest loans expires at the end of the month.
2 Renzi associates headed for federal court trial
Two associates of former Arizona Rep. Rick Renzi are set for trial this week in a case tied to allegations that the congressman looted his family insurance business to fund his campaigns and for personal expenses.
AG warning payday lenders about new law
Arizona Attorney General Terry Goddard is warning payday loan stores not to try to keep operating as usual after a law authorizing high-interest loans expires at the end of the month.
Shelving borrowing means Ariz. left without backup
Arizona's budget troubles could force the state to delay paying some bills as early as September, state Treasurer Dean Martin said Wednesday, in a situation complicated by his effort to win the Republican gubernatorial nomination over Gov. Jan Brewer.
Media, lawmakers wrong about payday loans
It is unfortunate that Arizona lawmakers keep striking down efforts to preserve short-term credit options for consumers of the state.
Payday Limbo
After losing a two-year, multimillion-dollar battle with voters and lawmakers, Arizona’s payday lenders are fighting for their lives.
