Editorial: this season’s bill calls it a ‘consumer access credit line.’ but it is nevertheless a high-interest loan that hurts the indegent.
The process that is legislative the might of this voters got a quick start working the jeans from lawmakers this week.
It absolutely was carried out in the attention of legalizing high-interest loans that can put working bad families in a вЂњdebt trap.вЂќ
All of this arises from home Bill 2496, which started life being a mild-mannered bill about property owners associations.
Through the legislative sleight-of-hand understood whilst the strike-everything amendment, it is currently a monster that changes ArizonaвЂ™s lending guidelines вЂ“ and itвЂ™s on a fast track to moving. Continue Reading…