Arizonans for Financial Reform received its qualifying notice Friday. In order to make it onto the ballot, they needed 153,365 signatures.
The payday loan industry is trying to remove a drop dead date of 2010 for payday loan reform.
I guess it’s in the voters hands now. I wonder how it will display on the ballot? Nobody likes it when you take away their options.
Comments
One response to “Payday Lenders Get on the Arizona Ballot”
It’s not too tough to get enough qualifying signatures when the payday lending industry has $8.7 million to buy them!
http://www.azcentral.com/arizonarepublic/news/articles/2008/07/30/20080730initiatives0730.html.
I doubt Arizona voters will fall for the financial freedom argument. They know predatory interest rates when they see them and 400% is outrageous!