2019 Updates. Predatory lenders trying to protect earnings by freezing…

Predatory loan providers trying to protect profits by freezing Arizona’s minimum wage? „Opinion: Beware the Arizona Economic Freedom Act, a proposal to freeze Arizona’s minimum wage and enable loan providers to charge us whatever they want.“Article by Laurie Roberts | Arizona Republic, November 18, 2019 November 11, 2019 „In Arizona, the industry has a bill that will block minimum wage increases, because when individuals don’t have cash, they want short-term loans.“

Article by David Dayen | The American Prospect, November 11, 2019

Predatory loan providers desire to keep Arizonans bad given that it’s great for company. „A proposed amendment that is constitutional forced by the payday and vehicle title lending industry posseses an insidious supply that could keep borrowers from escaping from under its thumb by simply making certain they can’t be taken away from poverty by increasing wages.“

Predatory financing hurts Arizona’s veterans. „Veterans, armed forces solution users, and their loved ones suffer serious damage whenever predatory loan providers target these with unscrupulously high interest levels. Presently, Arizona legislation permits predatory loan providers to charge rates of over 200% APR. We think this has to alter.“ Article by Lee Lange | Arizona Capitol Times, November 11, 2019 A Ban On High-Cost Loans https://paydayloanservice.net/installment-loans-il/ May Be Coming NPR Morning Edition | Chris Arnold, NPR, November 7, 2019 Low-Cost Banking For All nearer To Reality As Verdigris Announces The Opening Of the Pilot Program Because Of The Arizona Fintech Sandbox

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