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Tag Archives: flex loans

GOP lawmaker targets high-interest lenders

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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More lending options needed for Arizona families

For many families in Arizona, the “Great Recession” is far from over. Continued bureaucratic meddling and poor policy decisions by our elected leaders have made it difficult for many hardworking taxpayers to make ends meet. For some families the situation is so dire that one unforeseen financial hardship (car trouble, leaky roof, etc.) could prove catastrophic, especially if the family lacks access to credit or other borrowing options to pay the bill.

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