payday loan reform

The so-called Payday Loan “Reform” Act would allow the payday lenders to bleed hard-working Arizonans with 400% interest rates. Forever.The payday lending industry doesn’t want you to know it, but when it comes to protecting your pocketbook at the ballot box this November, “no” will mean “yes.”

A “NO” vote on the payday industry’s Prop 200 will mean “yes” 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.)