Roberts: cash advance sharks showing their teeth once again in Arizona. Comes now just one more shining exemplory instance of just exactly exactly what dark cash and greed can purchase in Arizona

Comes now just one more shining exemplory instance of exactly what money that is dark greed can find in Arizona:

Pay day loans. 2.0.

You realize, a brand new type of those high-interest schemes that voters did away with eight years back?

Well, the scheme has returned in brand new packaging and as a result of maneuvering by its sponsors, it is about two votes far from Gov. Doug Ducey’s desk.

Certainly one of Arizona’s premiere money that is dark published a line that seems this week when you look at the Republic as well as on “Why Arizona needs flex loans.”

Or, to place it another means: “Why the loan that is payday desperately requires back to Arizona.”

When it comes to 2nd 12 months in a line, Scot Mussi, president associated with Arizona Free Enterprise Club, is lobbying the Legislature to accept pass pay day loans 2.0 – or while he calls them, “a brand new item known as a customer ‘flex’ loan.”

“For many families that are struggling Arizona, making ends fulfill is since hard as ever,” writes Mussi, whose dark-money group invested $1.7 million into the 2014 elections.