What happened to the payday lender that DIFI used to license?
What happened to the payday lender that DIFI used to license?
The law allowing payday loans in Arizona expired on June 30, 2010. DIFI no longer licenses payday lenders. Consumer Loans with annual interest rates over 36% (plus authorized fees) became illegal on July 1, 2010. If you see a sign advertising payday loans, please contact the Arizona Attorney General’s Office at (866)-879-5219 or [email protected]. Please visit the Arizona Attorney General’s website for Payday Loans Frequently Asked Questions for more information about payday loans in Arizona.