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Article: EDITORIAL: Efforts to close payday lenders are thwarted: Our view: Keep sunset provision so that the businesses may someday be shut down.(Editorial)
- Article from:
- AZ Daily Star
- Article date:
- March 8, 2007
CopyrightCOPYRIGHT 2007 The Arizona Daily Star. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mar. 8--Despite early momentum in the Legislature to rid Arizona of payday lenders, the industry and its friends at the Capitol continue to dominate the political debate -- to the financial detriment of the state's poor. Eight bills were introduced during this legislative session that would have either effectively shut down payday lending or placed major curbs on the industry's activities. The Republican leadership has swatted all the measures away without much of a fight.
All eight bills failed to get out of committee despite the fact that about half of them were sponsored by members of the Republican majority. Tucson Republican Rep. Marian McClure ...