Roberts: Arizona legislators score payday with flex loan bill

Roberts: Arizona legislators score payday with flex loan bill

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

This week, we wait to see whether or not the Republican-controlled Legislature will touch base its hand to struggling Arizonans … by offering them the opportunity that is golden be eligible for high-interest loans.

As we wait, why don’t we consider just what it are priced at the cash advance industry to have its “flex loan” bill right here, to a place where Arizona quickly may sanction interest levels as high as 204 per cent.

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 every, the industry needed to fork out just below $21,000 in campaign efforts for the opportunity to wheedle its in the past to the pocketbooks associated with bad. 继续阅读“Roberts: Arizona legislators score payday with flex loan bill”