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Could it charged whom providers that are controversial tend of a inside be if certain for, common. Read more ›

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Roberts: Arizona legislators score payday with flex loan bill

. (Picture: Sebastian Kaulitzki, Getty Images/Hemera)

This week, we wait to see perhaps the Republican-controlled Legislature will touch base its hand to struggling Arizonans … by offering them the golden chance to be eligible for high-interest loans.

Us contemplate what it cost the payday loan industry to get its “flex loan” bill here, to a point where Arizona soon may sanction interest rates of up to 204 percent as we wait, let.

The going price for top legislative leaders and prime sponsors: $1,000 to $2,000 each. Co-sponsors merited $750 apiece while rank-and-file supporters got $500.

In most, the industry needed to fork out slightly below $21,000 in campaign contributions for the opportunity to wheedle its way back to the pocketbooks of this bad. Read more ›

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