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PHOENIX (AP) — Another attempt is being made at the Legislature to keep the payday loan industry alive in Arizona. An amendment filed Friday for a Senate committee to consider Tuesday would repeal the current June 30 termination date now included in state law for the small short-term loans that are exempted from Arizona’s 36-percent cap on annual interest rates. Similar legislation was …

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webmaster@technorati.com wrote an interesting post today on
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Payday lenders, pawnbrokers, car dealers and other companies that make loans but do not hold bank charters would be shielded from the scrutiny of a proposed federal consumer protection regulator under the terms of a tentative compromise between senators who are attempting to craft a bipartisan bill.

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News Sources wrote an interesting post today on
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Washington Times

Payday lenders may avoid US oversightLos Angeles TimesAce Cash Express is a payday lender in a small shopping center in Van Nuys. California limits payday loans to $300 and a fee of 15%. …Finance Reform Bill May Exempt Payday Lenders New York Times (blog)Corker shaping payday loan rules in financial reform package Chattanooga Times Free PressThe payday loan industry deserves no compromise The News Journal AllGov  - NewsHour  - Reutersall 328 news articles »

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webmaster@technorati.com wrote an interesting post today on
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Community Lenders Question Focus of Consumer Credit ReformPYMNTS.com“Payday loans are well-regulated by the states and adhere to strict industry best practices.” A comparison of credit industries in the US in 2008, …and more »

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