Senate panel kills bid to keep payday loans - East Valley Tribune: News

Senate panel kills bid to keep payday loans

Sen. Debbie McCune Davis, D-Phoenix, explains Tuesday why she thinks lawmakers should ignore lobbyists for the payday loan industry and allow the exemption they now have from state interest rate caps to expire at the end of June. Attorney General Terry Goddard and Senate Majority Leader Chuck Gray, R-Mesa, also oppose giving new life to payday lenders.

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