Summary
Major reform of the payday lending industry appears unlikely this year, as proposals from two Republican lawmakers won't make it out of their respective chambers.
Sen. Chuck Gray's pair of proposals - one to limit the fee charged to consumers and one to ban the industry from Arizona - will die on the desk of a committee chairman who won't hear them, and Rep. Marian McClure's attempt to heavily regulate the industry failed in committee.See the full content of this document
Extract
Payday Loan Reform Unlikely in Arizona
McClure's bill, H2224, would have created a registry to track and record every payday loan in the state, eliminated...
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