The so-called Payday Loan “Reform” Act would allow the payday lenders to bleed hard-working Arizonans with 400% interest rates. Forever.
The payday lending industry doesn’t want you to know it, but when it comes to protecting your pocketbook at the ballot box this November, “no” will mean “yes.”
A “NO” vote on the payday industry’s Prop 200 will mean “yes” to capping payday loans at 36% interest once and for all.
More info here.