Any Payday Lenders from Arizona that might be able to elaborate....?

From the Arizona Daily Star...
"Even if payday lenders get a majority of lawmakers and the governor to go along and allow them to continue doing business after June 30, payday-loan shops likely will have to shut down, at least temporarily.

A simple majority vote enacts a law 90 days after the regular legislative session ends. And at this point the earliest lawmakers are likely to wrap up their business is the end of April, meaning payday lenders couldn't resume business until August.

It would take a two-thirds vote of both the House and Senate, as well as the governor's signature, for immediate enactment."


I know that our industry needed legislative re-authorization by June 30th, but hopefully someone out there has some more info on this.