More on the Arizona Payday Loan Industry
There’s some interesting commentary going on over at Arizona’s Own Expresso Pundit regarding the Arizona payday loan industry. Be sure to read the Comments Section; very enlightening! You’ll gain insight into how various state political machinations behind the scenes affect our industry. Of course, no surprises there.
Arizona Payday Loan Laws and Legislation
Payday loan lending businesses are now prohibited from operating in the state and, as a result, many Arizona payday loan lenders are considering converting to car title or auto-title loans and check cashing operations, which may be legal under Arizona law. Payday loan lawyers and compliance experts are researching these business models now.
Arizona Payday Loan Law Update
Many Arizona payday lenders have other lines of business, including car title loans, check-cashing services, scrap gold buying and acting as agents for the Motor Vehicle Division to register vehicles. Rapid tax refunds (RALS) are in the mix as well.
