Letter sent to Representatives and Senators at the Arizona legislature at the start of the 2026 legislative session
“The ‘Affordability’ Agenda for Arizona families must address high cost and predatory credit. Borrowers are paying too much for cash loans due to add-on fees, lax enforcement of the Consumer Lender law, and the predatory car title loan carve out from Arizona’s usury law. The so-called early wage advance industry is again attempting to legalize payday lending. The Arizona legislature and regulators must take action to make credit safer and more affordable.”
Key points:
- Keep Saying No to Payday Loan Products
- Make Consumer Installment Loans More Affordable
- Enforce the Usury Law
- Lower the Cost of Consumer Lender Loans
- Repeal Car Title Loan law in Title 44
- Stop Evasions of Arizona’s Usury Law