Some high-powered Arizona lawmakers are behind an effort to restore the kind of high-interest, predatory loans Arizonans prohibited in 2008.
“They don’t call them payday advance loans,” states Cynthia Zwick of the Arizona Community Action Association. “They call them flex loans – however it’s essentially the exact same item.”
Who are they?Republicans David
Gowan, speaker of the Homeyour house and candidate for Congress, and Sen. John Kavanagh, vice chair of the Appropriations Committee, are amongst the sponsors of SB 1447, which will be heard in the Senate Finance Committee at 9 am Wednesday.