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Arizonans for Responsible Lending, No on 200
Citizens Group Files Suit Naming Arizona Secretary of State for Giving Cover to Payday Lender Ballot Scheme
September 14th, 2008
An Arizona committee working to stop out-of-state payday lenders from tricking voters into permanently legalizing 400 percent interest rates filed a lawsuit this morning naming Secretary of State Janice Brewer in Superior Court. Voters may unknowingly vote for 400 percent interest rates for payday loans if the Secretary of State does not clarify the descriptive language of Proposition 200 on this November's ballot, said the Arizonans for Responsible Lending, No on 200 committee in its lawsuit. The Secretary of State refused to revise the language in response to yesterday's request from the committee, which is working to correct the critical omission...
Source: Pharma Investments, Ventures & Law Weekly (2008-09-14)
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