Hope in AZ
March 14, 2010 | Arizona, industry, regulation | Comments (0)From the story in AZCentral.com:
There is a revived legislative effort to keep the high-interest lending industry alive in Arizona, but this version includes a payout to community groups.
Sen. Russell Pearce, R-Mesa, has proposed a strike-everything amendment to House Bill 2370 that would, among other things, allow fees of $15 per $100 borrowed, restrict the number of loans an individual could take out at one time and allow a customer to rescind the transaction if he or she returns the money within two business days.
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