Proposed ballot measure seeks to cap interest on auto-title loans
Aug. 15, 2019
Signature gathering has started on a proposed ballot measure that would cap interest on car title loans at 36%. Those interest rates can currently be as high as 204%. The Arizona Fair Lending Act would need 237,000 signatures to make the November 2020 ballot. We’ll hear more from Kelly Griffith, executive director of the Center for Economic Integrity.