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In the News | Campaign Press Releases

February 16, 2011

ANOTHER VICTORY — THANK YOU!

Friends, Today is another great day for Arizona! The House Commerce Committee refused to hear HB2550, because high-cost lenders are not welcome in this state. Committee Chairman Jim Weiers, the bill’s author, held the bill from consideration because of the clear lack of support. The committee meeting just adjourned. This is a great victory, and [...]

February 14, 2011

TAKE ACTION: Say No to Predatory Lending — No to HB 2550

Dear Supporters, We must marshal all resources to come out strongly against a predatory consumer lending bill, HB2550, right now. The bill, called “Small Installment Loans,” will be heard in the House Commerce Committee this Wednesday, February 16th, at 9:00AM. Here’s why we should stop HB 2550–NOW: HB 2550 will legalize triple-digit APR interest rates [...]

February 10, 2011

Measure would “fill payday-lending gap”

Former House Speaker Jim Weiers clearly doesn’t trust the voters: Capitol Media Services reports: Saying the demise of payday lending left a gap, a veteran legislator is proposing a new kind of consumer loan, one with higher interest rates than now allowed. Rep. Jim Weiers, R-Phoenix, said the 2008 decision by voters to kill payday [...]

September 23, 2010

Payday lender agrees to pay lawsuit plaintiffs

From the Star News Online in N.C.: Payday lender Advance America has agreed to pay $18.75 million under a proposed settlement in a 2004 class action lawsuit filed in New Hanover County. Paul Bland, one of the plaintiffs’ lawyers, said superior court Judge D. Jack Hooks Jr. still has to approve the proposed settlement. If [...]

July 10, 2010

Payday lending company leaves Ariz. after law ends

Fox 11 AZ reports: PHOENIX (AP) — Arizona’s attorney general says the decision by another payday lending company to leave the state shows the expiration of a law that allowed the high interest loans is working. South Carolina-based Advance America Cash Advance Centers Inc. announced Thursday that it will be closing all 47 of its [...]

July 9, 2010

Advance America Announces Decision to Cease Operations in Arizona

Press Release from Advance America, the nation’s largest payday loan chain: SPARTANBURG, S.C., July 8, 2010 /PRNewswire – Advance America, Cash Advance Centers, Inc. (NYSE: AEA), announced today its intention to cease operations in its 47 centers in Arizona. The decision to cease operations comes after the existing law permitting cash advances in Arizona expired [...]

June 29, 2010