Republican Rep. Andy Tobin of Paulden pulled his bill from a committee hearing agenda Monday but vowed to look for more support and bring it back. On June 30th payday lenders, in Arizona, will lose their exception from the 36% usury cap.
Today, there are over 600 payday lending locations in Arizona. That would be a lot of empty real estate space, not to mention the jobs.
You can read the full article in Business Week.