Lenders then hit straight right back, then some

Lenders then hit straight right back, then some

Their effort, a proposed amendment that is constitutional due to the fact “Arizona Economic Freedom Act,” is supposed to “prohibit the federal government from dictating cost terms in deals between personal individuals.” That means that the state government could not set any limits on interest rates for financial services—not at 36 percent, not at 204 percent in the lending realm. Because it would be written into the constitution if it passed, it would override the Arizonans for Fair Lending ballot measure. (mehr …)