Federal gov’t has increasing desire for curbing pay day loans

Federal gov’t has increasing desire for curbing pay day loans

Closing l pholes in loan agreements is supposed to be key to make certain customer security

By Mark Pattison Catholic Information Provider

Payday advances in Arkansas

Payday advances are prohibited in Arkansas, but attorney general Leslie Rutledge said June 2 that this woman is maybe not in support of the proposed federal laws because she thinks the states should control the loans.

The Arkansas constitution caps the attention price on customer loans to 17 %. Continue reading