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Tucson.com
The Arizona house voted to approve a measure raising maximun interests at pawn shops from 13% to 20%, an average annual increase of 240%. The bill's sponsor says it is designed to promote transparency between pawn shops and consumers. The bill will be sent to the Arizona senate to be debated and voted on.
Forbes
According to a study from the TIAA Institute and the Global Financial Literacy Excellence Center at George Washington University, 43 percent of adults 18 to 37 used payday lenders, pawn shops and the like in 2018, compared to just 26 percent for the same age group in 2009.
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