Southwest Center for Economic Integrity

Legislative Updates

The 2009 Arizona Legislative Session produced the Small Consumer Loan Bill. Once again, yet another predatory lending industry lobbied for an exemption from Arizona's small loan law. This bill was defeated in committee. The status quo remains in effect. Arizona's small consumer loan rate cap is set at 36% APR. The special deal payday lenders obtained from the state legislature in the year 2000 that allows them to circumvent the 36% rate cap and charge anywhere from 391%-462% APR on small loans will end in 2010.

In November 2008, Arizona voters resoundingly defeated the payday lending industry's attempt to circumvent the state legislators via a ballot initiative. Proposition 200, the so called, payday reform initiative would have legalized triple digit interest rates in Arizona forever. The industry spent well over 14 million dollars in an effort to deceive voters into thinking they were voting for reform to no avail. For a detailed breakdown of how Arizonan's voted

The payday lending industry is now trying to get a special deal from Federal Policy Makers. For more information about predatory payday lending please visit the Arizonan's for Responsible Lending web site:


	Legislative Updates The 2009 Arizona Legislative Session produced the Small Consumer Loan Bill. Once again, yet another predatory lending industry lobbied for an exemption from Arizona's small loan law. This bill was defeated in committee. The status quo remains in effect. Arizona's small consumer loan rate cap is set at 36% APR. The special deal payday lenders obtained from the state legislature in the year 2000 that allows them to circumvent the 36% rate cap and charge anywhere from 391%-462% APR on small loans will end in 2010. In November 2008, Arizona voters resoundingly defeated the payday lending industry's attempt to circumvent the state legislators via a ballot initiative. Proposition 200, the so called, payday reform initiative would have legalized triple digit interest rates in Arizona forever. The industry spent well over 14 million dollars in an effort to deceive voters into thinking they were voting for reform to no avail. For a detailed breakdown of how Arizonan's voted The payday lending industry is now trying to get a special deal from Federal Policy Makers. For more information about predatory payday lending please visit the Arizonan's for Responsible Lending web site:	If you wish to contact your State Representative or Senator follow the links below: Arizona Legislature 1 (602) 926-3312 House 1 (602) 926-4326 Senate New Mexico Legislature 1 (505) 986-4751 House 1 (505) 986-4714 Senate Utah Legislature 1 (801) 538-1029 House 1 (801) 538-1035 Senate Nevada Legislature 1 (775)-684-8533 Assembly 1 (775)-684-6500 Senate Read the AZ Daily Star Opinion of HB2672>>>
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	SCEI finished conducting research on street corner & brokered day labor in the State of Nevada. Read the full report located on our Publications page. The 2005 New Mexico legislative session passed the Day Laborer Act - HB672. Sponsored by Representative Antonio Lujan This bill provides protections for New Mexico Day Laborers. Measures included in this bill mirrors day labor protections adopted in AZ in 2001. SCEI has offered ongoing research and technical assistance to the coalition that supported this bill. HB672 passed in the New Mexico Legislature and was signed by the Governor into law on April 6, 2005. If you wish to read the Day Laborer Act directly go to the New Mexico Legislative link.

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