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By June 30 Arizona could be joining states banning or restricting payday loan operations with credit unions playing a role in joining the cause.

Among CU sources, the forecast is that the state legislature will abide by a 2008 antipayday referendum and shelve a bill still circulating in the House and Senate to overturn a sunset statute enabling payday firms to continue offering the controversial high-rate products.

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Peter Westerman

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Credit Union Times

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