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Home / AR: Businesses Ignore AG; Remain OpenAR: Businesses Ignore AG; Remain Open
Last Updated on Friday, 21 March 2008 12:29 Written by rslcpol Friday, 21 March 2008 12:29
Internet search engine queries for “cash advance Conway, AR” show results for more than a handful of payday lender locations which Arkansas Attorney General Dustin McDaniel says are operating unconstitutionally. Local spokesmen for two national firms conducting business here, Advance America and First American Cash Advance, said Thursday that their Conway offices were still operating, despite McDaniel’s letters sent earlier this week to 60 companies which run 156 payday lending locations in the state.
McDaniel has moved to shut down payday lending companies in Arkansas, saying the fees they charge hurt the working poor and violate the state constitution’s ban on high-interest loans.