It's offices in Jacksonville and Cabot and covers north Pulaski County, Lonoke County and White County. The best choice is a grouped family owned and operated newspaper that has been founded in 1987.
Wednesday, May 02, 2007
TOP STORY Opponents fight payday lenders
By JOHN HOFHEIMERLeader staff writer
Inspite of the state General AssemblyвЂ™s failure to criminalize high-interest customer loans through the 2007 session, just finished, there clearly was progress on a few fronts, relating to Hank Klein, founder of Arkansans Against Abusive Payday Lending (AAAPL.)
Within the Arkansas home, lawmakers voted overwhelmingly to just take not only the attention but in addition the main away from pay day loans. But people in the Arkansas Financial solutions Association sandbagged the bill into the Senate Commerce and Banking Subcommittee with some well-placed $500 campaign contributions.
Payday advances are tiny loans, often $100 to $500, created for on average fortnight, Klein stated. In accordance with the Center for Responsible Lending, the normal payday debtor will pay $800 to borrow $325.