PHOENIX -- Arizona Gov. Janet Napolitano has joined the credit union lobby and consumer groups in urging defeat of a "dangerous" Nov. 4 referendum supporting enabling legislation on payday shops.
"In today's economy, the last thing we need is to force working families further into debt. Please join me in voting NO on Proposition 200," declared Gov. Napolitano in a press announcement which followed an anti-payday rally on the capitol steps last week.
In media ads, the Arizona Credit Union System joined by the North Carolina-based Center for Responsible Lending plus AARP and consumer groups have been vigorously urging the public to reject Prop 200 as "deceitful legislation" which in 2010 would free payday firms to charge predatory rates.
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