Goddard warns payday lenders not to ignore law

Capitol Media Services photo by Howard Fischer<br>
Attorney General Terry Goddard said Wednesday he's prepared for the possibility that payday lenders may try to create sham transactions to get around the fact that their ability to operate in Arizona disappears at the end of the month. But Goddard said some other forms of high-interest lending will remain legal.

Capitol Media Services photo by Howard Fischer<br> Attorney General Terry Goddard said Wednesday he's prepared for the possibility that payday lenders may try to create sham transactions to get around the fact that their ability to operate in Arizona disappears at the end of the month. But Goddard said some other forms of high-interest lending will remain legal.

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