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Stop triple-digit interest rates for good
Back in 2008, Arizonans voted 2:1 to stop payday lending in our state. Ever since the payday lender’s defeat at the ballot box, the industry has heavily lobbied to reinstate triple-digit interest rates.
Proposed limits on payday loans draw sharp reactions from both sides
Federal officials unveiled new restrictions on payday lenders Thursday that aim to help low-income borrowers avoid the “debt traps” of readily available, high-interest loans that critics say prey on minority communities.
Nobody wants flex loans except out-of-state lenders
Representative J.D. Mesnard is wrong. Arizonans do not want payday lenders’ “flex loans.”
House passes bill creating new payday lender loans
The Arizona House of Representatives narrowly approved a proposal Monday allowing payday lenders barred from operating following a 2008 voter initiative to offer a new high-interest loan product.
Banking Across the Border - North: Measure to increase lending to Canadians advances
With $3.7 billion in trade between Arizona and Canada, our neighbors to the north play a significant role in the state’s economy. That’s why the Arizona Bankers Association is pushing a bill to encourage Arizona financial institutions to lend more to credit-worthy Canadian borrowers seeking to do business here.
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 [...]
AARP, other groups, fight lending bill they say could be predatory
AARP, which lobbies for the interests of older Americans, is mobilizing the coalition that defeated the payday lending industry six years ago in its new fight against a proposal that would allow lending firms to collect the maximum interest charge on a bigger loan.
