Ark. Court Hears Arguments On Payday Lending Law (KTHV Little Rock)
Posted on November 1st, 2008 | by admin |More info…
Opponents of a state law that regulates payday lenders are asking Arkansas’ highest court to strike down the 1999 act as unconstitutional.
Payday lending pays $3.42 million for signatures (The Oxford Press)
Columbus, Ohio The payday lending industry paid $3.42 million to collect the required 241,365 signatures to get Issue 5 on the Nov. 4 ballot. That works out to $14.17 per valid signature.
Payday lending law argued before Supreme Court (The Morning News)
LITTLE ROCK — The law regulating the payday lending industry in Arkansas should be stricken as unconstitutional because it allows companies to make loans to consumers at interest rates that exceed the state’s 17 percent usury limit, a lawyer for opponents of the law argued Thursday before the state Supreme Court.
Industry behind payday-loan reform ads (Arizona Daily Star)
PHOENIX Jack LaSota is taping radio ads and phone messages urging Arizonans to vote for Proposition 200, saying that as a former state attorney general, he knows “the payday loan industry needs to be reformed.”
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