Hearing today in Arkansas
October 30, 2008 | Arkansas, local issues, media coverage, states | Comments (0)Well, now that most of the payday lenders in Arkansas have closed, the legal issues are being fought out:
The Arkansas Supreme Court was scheduled to hear oral arguments Thursday in a lawsuit challenging the 1999 Check Cashers Act, which opponents say violates the state constitution by allowing payday lenders to make consumer loans with interest rates of more than 17% annually.
A Pulaski County judge last year ruled that the act was constitutional.
The Payday Pundit will try to find out where this is going.
Arkansas must have a booming economy
September 24, 2008 | Arkansas, alternatives, industry, media coverage, states | Comments (0)Therefore the state can afford to close businesses that pay taxes and employ citizens at good wages.
