Today is Monday, 18th November 2024

AR: AG Reaches $1 Million Settlement With Payday Lenders

So that’s $800,000 to the victims, and $200,000 to Dustin McDaniel’s marketing fund for his office.

LITTLE ROCK — The state has settled lawsuits against nine businesses and individuals accused of offering illegal payday loans disguised as instant cash rebates for Internet service, Attorney General Dustin McDaniel announced Monday.Under the $1 million settlement, Arkansas customers will receive $800,000 in restitution and the remaining $200,000 will go to the consumer education enforcement fund in the attorney general’s office, McDaniel said.

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