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Home / AR: Court Rulings ‘Planted’ Idea to Target Payday Lenders in AGAR: Court Rulings ‘Planted’ Idea to Target Payday Lenders in AG
Last Updated on Friday, 22 February 2008 12:14 Written by rslcpol Friday, 22 February 2008 12:14
Attorney General Dustin McDaniel said Thursday that his office will begin taking action against payday lending stores in Arkansas based on two similar Arkansas Supreme Court rulings in the past month.
The court ruled Thursday in a unanimous decision that bonding companies are liable for paying bonds to partly cover judgments against payday lenders. The court made a similar decision in January.
The two decisions “may potentially sound the death knell” for payday lending in Arkansas, McDaniel said.
This entry was posted on Friday, February 22nd, 2008 at 12:14 pm and is filed under Attorney General News.
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