McDaniel: Payday Lenders Must Close Or Face Suit

Wednesday, Mar 19, 2008

By Jason Wiest
THE FORT SMITH TIMES RECORD
LITTLE ROCK — Payday lenders throughout Arkansas must shut down immediately or face the likelihood of lawsuits, Attorney General Dustin McDaniel said Tuesday.

McDaniel said he sent letters to about 60 companies that run 156 payday lending outlets in Arkansas, telling them to cease and desist their practices.

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