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 “debt trap.”

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 Arizona’s lending guidelines – and it’s on a fast track to moving. Continue Reading…