It was disappointing that a judge on Tuesday rejected an effort by payday loans opponents to inject a dose of reality in the description for Proposition 200 that will appear in the General Election Voter Pamphlet.
While Brewer was rejecting the language change request from Arizonans payday loans for Responsible Lending, she filed suit against Attorney General Terry Goddard over the wording of an initiative regarding gay marriages. She ultimately agreed to change the description of the gay-marriage initiative, Proposition 102, on Tuesday.
The most important reason voters should reject Prop 200 is because it would do away with a provision in state law that would outlaw payday lending in 2010. That is the initiative's overriding objective, and the licensing issue is clearly reflected in the measure's description.
He then took out more loans to make another rent payment, pay other bills and to pay fees and renew the first loan.
It's the payday loan treadmill that we've heard of often. People can't keep up with the high fees payday lenders charge and end up worse off financially than when they started.
