Payday Pundit

In an update to the Arkansas report from yesterday was this little nugget at the end of an Arkansas News Bureau story:

Each and every payday lender operating in the state of Arkansas is currently under investigation by the AG’s office… It is our goal to stamp out payday lending in the state of Arkansas.

That quote is from on of McDaniel’s deputies, but it makes Payday Pundit wonder — what does AG McDaniel have to gain from “stamping out” an entire industry in his state?  This is surely the most forward any public official has been about their real plans for the industry — what’s McDaniel’s interest in being outspoken and ahead of the pack on this issue?  Something to think about as the statewide election season heats up…