The number of pay-day loan offices in Arizona has nearly tripled in the last four years, drawing concern that low-income residents are being exploited and the state’s economy is being drained of millions of dollars.
The state has 610 pay-day loan offices – more than the number of McDonald’s restaurants and Starbucks coffee shops combined – The Arizona Republic reported Sunday. Most of the firms are in low- and middle-income neighborhoods.
For this complete story, please visit Pay-day Loan Centers Explode in Arizona.
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