PHOENIX -- Arizona Gov. Janet Napolitano has joined the creditunion lobby and consumer groups in urging defeat of a "dangerous"Nov. 4 referendum supporting enabling legislation on paydayshops.
"In today's economy, the last thing we need is to force workingfamilies further into debt. Please join me in voting NO onProposition 200," declared Gov. Napolitano in a press announcementwhich followed an anti-payday rally on the capitol steps lastweek.
In media ads, the Arizona Credit Union System joined by theNorth Carolina-based Center for Responsible Lending plus AARP andconsumer groups have been vigorously urging the public to rejectProp 200 as "deceitful legislation" which in 2010 would free paydayfirms to charge predatory rates.
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