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In the News   |   Campaign Press Releases

March 2, 2010

Profiting From Recession, Payday Lenders Spend Big To Fight Regulation

From the Huffington Post Investigative Fund:
The influential $42 billion-a-year payday lending industry, thriving from a surge in emergency loans to people struggling through the recession, is pouring record sums into lobbying, campaign contributions, and public relations – and getting results.
As the Senate prepares to take up financial reform, lobbyists are working [...]


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March 1, 2010

Payday lenders giving advances on unemployment checks

By Robert Faturechi in today’s LA Times:
Critics say the high fees that come with the loans send the jobless into a cycle of debt.  The industry sees it as a service for people in need.
The payday loan industry has found a new and lucrative source of business: the unemployed.
Payday lenders, which typically provide workers with [...]


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February 22, 2010

Math doesn’t work for AZ payday loan industry

By Paul Davenport, Associated Press, in the Arizona Capitol Times:
The math isn’t adding up for Arizona’s payday loan industry.
The industry that provides small short-term loans is fighting in the Legislature to keep itself alive beyond a June 30 termination date that was included in the authorization law enacted 10 years ago.
Almost a month [...]


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February 16, 2010

Mesa officials: Payday lenders need to scram

In the East Valley Trib:

Mesa wants one of its most visible industries to vanish in one fell swoop.
Despite payday lenders’ efforts to stay alive in the state, Mesa is pushing for its 83 payday loan stores to go away as of July 1 and take away their neon signs, flashing lights and [...]


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February 9, 2010

Wall Street’s Race to the Bottom

By Elizabeth Warren, Harvard Law Professor, in The Wall Street Journal:
Jamie Dimon is wrong. We shouldn’t expect a crisis ‘every five to seven years.’
Banking is based on trust. The banks get our paychecks and hold our savings; they know where we spend our money and they keep it private. If we [...]


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January 30, 2010

H2161 locks in 391% interest for payday lenders

By Barry Aarons, in the Arizona Capitol Times:
As Robert Merry notes in his book “A Country of Vast Designs,” President Andrew Jackson wrote in an 1832 veto letter, “In the full enjoyment of … the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws [...]


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January 28, 2010

Payday loan legislation concerns city council

January 27, 2010

Bishop Henry L. Barnwell: Payday-loan push defies voters’ will

January 27, 2010

Payday-loan opponents are silenced

January 26, 2010

Legislators: Say ‘NO’ to payday lenders

January 26, 2010

Round 1: The Voters

January 26, 2010

Tobin shelves payday loan bill due to lack of support

January 26, 2010

Bill to keep payday loans may be dead

January 26, 2010

Payday loan bill yanked, needs Dems to survive

January 25, 2010

Inside Tucson Business — Get rid of payday lenders or lawmakers

January 22, 2010

Buscan mantener negocios de préstamos rápidos

January 21, 2010

ACTION ALERT: Be There Monday! Call Today!

January 21, 2010

Tucson prosecutor joins attorney general race

January 19, 2010

Arizona Daily Star — Voters have spoken: Payday loans must go

January 17, 2010

Sierra Vista Herald — Payday loan bill deficient

January 14, 2010

Lawmaker tries to keep payday loans

January 10, 2010

Disappointed in support for lenders – Letter to the Editor, Yuma Sun

January 8, 2010

Payday lenders hoping for new legislation in order to stay in business

December 31, 2009

AZ Capitol Times: Lights out on payday loans

December 26, 2009

Catholic Community Services of Southern Arizona — Payday lenders prey on families’ hopes

December 7, 2009

Inside Tucson Business — Payday lenders: You have less than 7 months to get out of Arizona

December 6, 2009

Arizona accuses payday loan company of deception

December 5, 2009

State AG files suit against Quik Cash

December 4, 2009

AG gets injunction against payday lender

December 4, 2009

Brewer opponents blast payday loans

December 4, 2009

An open letter to Gov. Jan Brewer

December 3, 2009

Letter to the Editor: Brewer should be ashamed

December 3, 2009

Payday-loan industry sidles up to governor

December 2, 2009

Yuma Sun Editorial — Arizona voters clear on payday loan businesses

December 2, 2009

Brewer: ‘no problem’ on backers’ payday loan work

December 1, 2009

Brewer allies back payday lenders

December 1, 2009

Brewer not opposed to legislation to save payday-loan industry

November 30, 2009

Brewer: ‘no problem’ on backers’ payday loan work

November 29, 2009

Payday lenders trying end run around voters

November 27, 2009

Payday lenders fighting to stay in business

November 27, 2009

Payday lenders fight to stay in AZ

August 13, 2009

Consumers deserve protection from financial institutions, too

July 12, 2009

NY Times: Borrowers Bled Dry

June 26, 2009

AZ Daily Star: Congress should protect all from payday loans

June 15, 2009

AZ Republic: Push to enshrine rates for payday loans flawed

June 9, 2009

The “400 Faces” Campaign Launches

June 5, 2009

Bishop calls for end to payday loans

May 27, 2009

USA Today – Our view on consumer protection: Beyond credit card reform

May 18, 2009

NYT: 36 Percent Is High Enough

April 13, 2009

NY Times: 391 Percent Payday Loan

April 11, 2009

AZ Daily Star: Some in D.C. take wrong side on payday loans

April 10, 2009

Rollover Bans Don’t Stop Payday Trap

April 9, 2009

Congress Going Easy on Payday Loan Dealers

April 8, 2009

Gutierrez Proposes Weak Reform of Payday Lenders

April 5, 2009

D.C. payday lender bill jeopardizes AZ law

April 5, 2009

The Consumerist: House Preparing to Legalize Payday Loans with 391% APRs

April 5, 2009

Payday loan industry turns to Congress

March 6, 2009

Republic: Hearing on high-interest loan bill postponed

March 5, 2009

AZ Daily Star: Legislature must reject predatory loan measure

March 5, 2009

Republic: Bill that permits triple-digit loan interest revived

March 3, 2009

Republic: House panel rejects bill on loan interest

February 23, 2009

MSNBC: Payday loan company settles for $2.5 million

January 29, 2009

AZ Consumers Council: Payday lenders – A cure that worsens the disease

January 17, 2009

Trib: Mesa to fight any help for payday lenders

December 29, 2008

Arizona Republic letters: Legislator caving in on payday loans

December 22, 2008

NPR Marketplace: Financial products need new regulation

December 8, 2008

Daily Star: Ballot failure costly for payday lenders

November 21, 2008

The Economist: Casting out the money-lenders

November 12, 2008

Star Editorial: Payday lending industry down, but not out

November 11, 2008

Howard Fischer: Payday-loan industry in quandary

November 10, 2008

Daily Star: Future of payday loans lies with lawmakers

November 10, 2008

Arizona Republic: Vote may be the end of payday lenders

November 8, 2008

Check Into Cash to keep Ohio, Arizona stores open

November 7, 2008

Voters reject 400 percent interest payday loans

November 6, 2008

East Valley Trib: Payday lenders ponder next move after defeat

November 5, 2008

Cleveland Plain Dealer: Payday lenders lose big in Ohio – and deservedly so

November 5, 2008

Star: Grass roots trump cash on Prop. 200

November 4, 2008

WE DID IT!

November 2, 2008

Shriver Center: Arizona and Ohio Ballot Measures May Curtail Reasonable Payday Loan Regulations

November 1, 2008

East Valley Trib: Prop 200 payday loan reform ads not telling whole story

October 31, 2008

Letters: PREYday loans

October 31, 2008

Tucson Citizen: Payday loan industry’s deceitful tactics seek to fool voters

October 30, 2008

Arizona Republic: Reject Prop 200

October 30, 2008

TZR: Religious leaders unite to oppose Prop 200

October 28, 2008

Wall Street Journal: Payday Lenders Back Measures to Unwind State Restrictions

October 27, 2008

AZ Republic: Prop 200: It won’t fix payday loans

October 22, 2008

Eastern AZ Courier: Vote ‘no’ on Payday Loan Reform Act

October 22, 2008

Payson Roundup: Our view on perplexing propositions

October 21, 2008

AZ Republic: 5% of UA freshmen obtained payday loan

October 21, 2008

Sierra Vista Herald: Vote ‘no’ on Prop. 200

October 20, 2008

AZ Daily Star: VOTE NO on Prop 200

October 16, 2008

AZ Daily Sun: Payday loan campaign a shameful exercise in direct democracy

October 15, 2008

Yuma Sun: Payday loan causing Yuma woman financial hardship

October 12, 2008

Arizona Republic: Against Prop. 200

October 12, 2008

Arizona Republic: Industry [says] “Prop 200 payday-loan rules help all”

October 11, 2008

Laurie Roberts, AZ Republic: “fibs, falsifications and fairy tales”

September 23, 2008

Washington Post: All eyes on payday lending struggle in Ohio, Ariz.

September 19, 2008

AZ Capitol Times: Prop 200 offers consumer choice or debt trap — take your pick

September 17, 2008

AZ Daily Star: Revealing truth about predatory payday lending

September 17, 2008

EVT: Goddard decries payday loans; urges voters to reject Prop. 200