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Nov 18, 2019
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.
Sep 30, 2019
Ballot proposal would kill cap on interest rates
Calling it a "stand against socialism,'' a proposed constitutional amendment would give banks, finance companies and other lenders free rein to charge whatever interest rates they want to Arizona customers.
