The exemption had been planned to sunset in July 2010, of which time lenders that are payday simply be in a position to charge a 36 % APR.

Table1. Prices on payday advances and Regulations to manage Payday Lending State Interest Rate+ reputation of Meaningful Legislation to manage Payday Lending Arizona 36 percent* Has eradicated the Payday Debt Trap Through APR Limits California 426 % No regulation that is meaningful of Lending Colorado 214 % Has Implemented Reforms that Limit but Do perhaps … Continued