LITTLE ROCK, Ark. AP-The number of payday lenders operating in Arkansas has dropped by about 86 percent since the state's top attorney threatened legal action over their high-interest loans, a new study says.Arkansans Against Abusive Payday Lending, an advocacy group opposed to payday lending released a survey Thursday that says the number of payday lenders operating in the state has dropped from 237 in March to just 33.
October 09, 2008 at 12:00 AM
1 minute read
LITTLE ROCK, Ark. AP-The number of payday lenders operating in Arkansas has dropped by about 86 percent since the state’s top attorney threatened legal action over their high-interest loans, a new study says.
Arkansans Against Abusive Payday Lending, an advocacy group opposed to payday lending released a survey Thursday that says the number of payday lenders operating in the state has dropped from 237 in March to just 33.
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