Take Action

Let your Arizona legislators know that you support freedom of financial choice! Complete the short form below to send the following message to them via email.

Dear Arizona Lawmaker :

There are 93 million unbanked or underbanked Americans, according to the FDIC. In Arizona, this reality affects many, from contractors who can’t always depend on a steady paycheck to those whose financial history has been wrecked by divorce, crippling healthcare needs or job losses. 

As such, I write to ask for your support of SB1316, which creates a “Flex Loan” option and gives consumers protected access to smaller-dollar loans in a legal and well-regulated marketplace.  Here the support from several customers here.

Currently, these residents have few lending options in Arizona. While there are auto title loans and pawnshop-style loans available, not everyone has assets or a vehicle to put up as collateral. One hardship – an injury, illness, death in the family or even necessary but expensive household repair – can leave these families and individuals with difficult decisions, or resorting to offshore and often anonymous online loans for short-term infusions of cash, which offer no protections or recourse through state and local agencies. 

SB1316 would solve their problem, giving them a safer, regulated lending option to use when times get tough.