Arizona Proposition 200

Chances are you’ve never been inside your friendly neighborhood payday-loan center. They popped up all over the place in 2000, after the Legislature carved out a 10-year exemption to the state’s 36 percent cap on interest rates. In doing so, our leaders ushered in a multibillion-dollar industry offering short-term, high-interest loans to tide people over until payday.

full article

This entry was posted on Wednesday, September 17th, 2008 at 10:29 pm and is filed under Arizona proposition 200. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.