Ken's Blog

ACTION ALERT: HB 2161 Hearing on Monday!

It’s official.

On Monday (January 25th) the House Banking and Insurance Committee will hear HB 2161, Rep. Tobin’s bill that would overturn the will of the voters and authorize 400% interest payday loans forever!

We need you to act now!

The payday lenders are making the rounds, trying to woo your elected representatives into believing the deceptive “reforms” they promise in this bill will eliminate the Payday Loan Debt Trap.  They will NOT!

Now, the committee members need to hear from YOU.

Come to the hearing on Monday AND contact all committee members today!

Your message can be short and to the point:

The voters have spoken!  We said “NO” to 400% payday loans loud and clear.
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HB 2161, just like Prop. 200, hides payday loans’ 400% interest rates amidst a myriad of meaningless “reforms.”
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HB 2161 will result in thousands of Arizonans trapped in debt, year in and year out.  It will continue to allow out-of-state companies to drain $150 million dollars from the state each year in fees stripped from trapped borrowers.
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Vote NO on HB 2161 and do as the voters demanded:  LET THE SUN SET ON 400%!
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JOIN US MONDAY

AT THE STATE CAPITOL:

Arrive by 1:15 p.m. to ensure you get a seat

Here are the details you need:

State Capitol
House of Representatives
1700 W Washington Street
Phoenix AZ 85007

House Committee on Banking and Insurance
House Hearing Room #5

The hearing starts at 2:00 pm, but COME EARLY to ensure you get a seat. (The payday lenders will try to pack the house with their “satisfied customers” and employees, who will be paid to attend.  We need to out-number them.)

Coming?  Let Kelly know – kelly@economicintegrity.org

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Call and Email the Committee Members TODAY:

Nancy McLain (Chairman), Republican — District 3
(602) 926-5051 nmclain@azleg.gov

Doug Quelland (Vice-Chairman), Republican — District 10
(602) 926-3024 dquelland@azleg.gov
Thank him for standing with Consumers and voting “NO.”

Carl Seel, Republican — District 6
(602) 926-3018 cseel@azleg.gov

Cecil P. Ash, Republican — District 18
(602) 926-3160 cash@azleg.gov

Andrew M. Tobin (bill’s primary sponsor), Republican — District 1
(602) 926-5172 atobin@azleg.gov

Cloves C. Campbell, Jr., Democrat — District 16
(602) 926-3042 clcampbell@azleg.gov
**URGE HIM TO VOTE NO!   HE IS ON THE FENCE.**

Robert Meza, Democrat –  District 14
(602) 926-3425 rmeza@azleg.gov
Thank him for standing with Consumers and voting “NO.”

David Bradley, Democrat — District 28
(602) 926-3300 dbradley@azleg.gov
Thank him for standing with Consumers and voting “NO.”

See you Monday!

Thank you,

KELLY

Kelly Griffith
Arizonans for Responsible Lending

PS:

To read the proposed legislative language, monitor co-sponsors and track the bill, bookmark the following link: HB2161

For Committee updates between now and Monday, keep your eye on their website:
House Committee on Banking and Insurance

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Paid for by Arizonans for Responsible Lending

Major Funding by AARP Arizona
Center for Responsible Lending, N.C., SEIU, Washington, and SIMG, Tucson.
Additional Support from Arizona State Credit Union, UFCW Local 99
The Arizona Credit Union League, and Mi Familia Vota.

www.NoMoreLoanSharks.com