Once again, the Arizona State Legislature has decided that voter approved legislation should be repealed. This time it’s AZ Prop 200, the banning of the Payday Loan industry. Having lived in the state all my life, I can recall other times. One of them: medical marijuana, supported by 65% of the voter population in 1996, [...]
Entries Tagged as 'payday loan industry'
Pay Day Loan Extension Bill Introduced in Arizona
January 25th, 2010 · No Comments · Banking, PayDay Loans
Tags: arizona·Credit Bureaus·deferred loans·dishonored checks·HB 2161·lenders·lobbyists·payday loan industry·PayDay Loans·Prop 200
Half of Repeat Payday Loans Opened Immediately or After 24 Hour Wait
July 15th, 2009 · No Comments · PayDay Loans
Another blog post to further along our campaign against the payday loan industry!! According to the Center for Responsible Lending, payday lenders create their own demand with loan terms that generate rapid re-borrowing. This is termed “payday churning”, or repeat borrowing of what payday lenders market as a short-term loan of a few hundred dollars. [...]
Tags: borrower·Center for Responsible Lending·Credit Cards·Fees·interest·paychecks·payday loan industry·PayDay Loans·Video
PayDay Loans Rejected by Arizona Voters
November 14th, 2008 · 8 Comments · PayDay Loans
A clear message was sent to payday lenders last week by voters in Arizona, which rejected Proposition 200 by a 3 to 2 margin. And the payday lenders are most certainly unhappy campers, after spending more than 14.6 million in one of the most expensive advertising campaigns in Arizona’s history. The ballot proposition that was [...]
Tags: arizona payday loans·consumer loans·payday lenders·payday loan fees·payday loan industry·payday loan interest rate cap·PayDay Loans
