Maybe people don’t support them
October 26, 2008 | Arizona, industry, media coverage, regulation, states | Comments (0)And that’s why the anti-payday lending crowd in Arizona hasn’t raised a lot of money. From the story:
Leading the spending pack for this year’s ballot measures is Proposition 200, an effort by the payday-loan industry to rewrite some of the rules governing its practices and to ensure payday lending continues in Arizona. To date, it has raised more than $13 million from payday lenders, $1.5 million of that in the reporting period.
By comparison, opposition group Arizonans for Responsible Lending, has only pulled in about $154,000, mostly from individual donors
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