Proposition 200 Archives

Let the Sun Set on Debt Trap Loans

Cynthia Zwick

In 2008, more than 1.2 million Arizona voters said no, by a 2-to-1 margin, to triple-digit interest rates and special exemptions from the state’s usury laws for payday lenders by rejecting Proposition 200, which would have permanently legalized 300% APR payday loans in Arizona.  Since then, through bi-partisan efforts, the legislature and Arizonans have rejected… Read More →