Introducing the Predatory Debt Collection Protection Act
The Predatory Debt Collection Protection Act [ English | Español ] helps Arizonans by protecting more of their assets and belongings from debt collectors, and limiting the interest rate on medical debt.
Arizonans Oppose Predatory Lending
AZ state legislators on 2/29/2016 revived a bill to allow payday lenders to offer 204% APR "flex loans". Senator Kavanagh’s original flex loan bill, SB1447 failed to pass in Senate finance committee hearing on a 2-3 vote. The payday lender bill was resurrected using a strike-everything tactic that inserted the flex loan bill language into SB 1316.
Christian leaders plead for Arizona legislators to reject usurious lending bill, SB 1316
Colonel Lee Lange
US Marine Corps (Ret.):
"The U.S. Department of Defense found that predatory lending underlines military readiness. SB1447 deliberately puts our military community, including veterans and their families, in harm's way - like sending a soldier to battle without ammunition. This Marine urges our legislators to vote no to the payday lenders' bill, SB1447"
Pastor Dr. Warren Stewart Sr.
President of the Paradise Missionary Baptist State Convention of Arizona:
"A vote in favor of SB 1316 is as deeply immoral. Payday lenders will trap people in modern-day debt slavery. It violates the Bible's teachings against usury and against taking advantage of the poor. The choice before legislators is simple: God or Greed?"
The harm caused by Car Title Lending
2022 Video by Pastor Randy Reynolds
2022 Update to Car Title Lending in Arizona
The Southwest Center for Economic Integrity, a nonprofit organization based in Tucson, has issued an update to their report on title lending in Arizona.
2022 Update to: "Still Wrong: Wrecked by Debt" | CEI, March, 2022
The previous report on title lending in Arizona was issued in 2019.
STILL WRONG: Wrecked by Debt | CEI, August 4, 2019
Press Release | CEI, August 5, 2019
Related: I Need Cash Now, What Can I Do? | Wildfire AZ, 2021
Early Access Wage Programs
Early wage access programs—which allow workers to access wages they have already earned ahead of the regular payday—are booming.
Early Wage Access: A Good Option for Workers or a Fintech Payday Loan? | NCLC, March 2020
Debt Trap Tracker
Consumer protections for payday and car-title loans, created by the previous leadership of the CFPB after years of research, were due to take effect on Aug. 19, 2019. Now, these latter-day loan sharks will trap more borrowers in vicious cycles of debt.
Since Director Kathy Kraninger has sided with the sharks and turned her back on consumers, American borrowers caught in this infamous debt trap have paid fees amounting to:
Toolkit for Advocates
Request To Speak
Interest Rate Caps
After Payday Loans: Consumers Find Better Ways to Cope with Financial Challenges (NCLC, August 2021)