The so-called Payday Loan âReformâ Act would allow the payday lenders to bleed hard-working Arizonans with 400% interest rates. Forever.The payday lending industry doesnât want you to know it, but when it comes to protecting your pocketbook at the ballot box this November, ânoâ will mean âyes.â
A âNOâ vote on the payday industryâs Prop 200 will mean âyesâ to capping payday loans at 36% interest once and for all.
More info here.
(h.t. Zach. I copied his text, too. I’m lazy like that.)