Ugly already in AZ?
December 3, 2009 | Arizona, industry | Comments (0)This snide column in the Arizona Republic seems a little early for a legislative battle that will be waged next year:
In November 2008, voters rejected Prop. 200, which would have allowed payday lenders to continue trapping desperate saps
in a bottomless pit of debt without any regulation. Now that the money train is at risk of going off the rail, the industry has hired former state Attorney General Grand Woods as well as the lobbying firm HighGround to save them.
Quietly and behind the scenes the hired guns are crafting legislation that would convince the governor and legislators to save the industry from restrictions that are scheduled to go into effect this summer.
Quietly and behind the scenes? This stuff has been report in at least two papers already.
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