The payday lenders in the March 5 edition of the Arizona Capitol Times, three of the stateвЂ™s chambers of commerce ran a full-page ad on page 2 supporting the вЂњshort-term consumer financing industry,вЂќ or in English.
When you look at the advertisement, they drag out of the old point that is talking вЂњreasonable legislationвЂќ and end because of the admonishment, вЂњSupport Payday Loan Reform!вЂќ Where have we heard that certain before?
Any one of us have been around through the Proposition 200 battle in 2008 are aware of this industryвЂ™s expensive taste to promote and free relationship aided by the truth.
WhatвЂ™s interesting may be the messenger.
The more Phoenix Chamber of Commerce is among the teams known as into the advertisement. When you look at the Prop. 200 debate, the Phoenix Chamber took a clear place against the payday lendersвЂ™ measure, stating that it can have produced a voter-protected special deal for starters industry. Why now will they be arguing for overturning the might associated with voters to be able to protect a unique deal for just one single industry? Read More