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Arizona Payday Lending Safe for Now

June 17, 2008 By: Mari Woods Holt Category: Lead Exchange, Lead Generation, Lead Marketplace

Payday lenders in Arizona should be open for business until at least 2010. Yesterday, a group called Stop Payday Loans withdrew their proposal to shut down Arizona’s payday-loan-industry. They needed at least 153,000 signatures to get on the November ballot, and they were only able to collect 30,000 signatures. The group now says they will focus on reform rather than on repeal. Things could get interesting as we approach for 2010, but for now let’s hope ethical, helpful, non-predatory lending will continue.

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