Payday Loans

Signs adorn this payday loan business, one of 650 operating in the state and some open 24 a day, Wednesday, April 7, 2010, in Phoenix. Attempts to reauthorize the payday loan industry failed in both houses of the Arizona legislature on Wednesday, as the industry operates on a temporary exemption from Arizona’s 36-percent interest rate cap, but that exemption ends on June 30. (AP Photo/Ross D. Franklin)