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Who are Arkansans Against Abusive Payday Lending?

In late 2003 the Arkansas Advocates for Children and Families organized a group of consumer, government and business leaders into a working group called the High Cost of Being Poor Advisory Group. They brought together many diverse organizations to
identify practices that prevent families from sustaining adequate incomes or maximizing the income they do receive. Of the many high cost financial practices identified and studied by this group
by far the most egregious practice and most immediate problem
to the working poor addressed by this group was Payday Lending.

At the final meeting of this Advisory Group H.C. “Hank” Klein, then President/CEO of Arkansas Federal Credit Union, proposed the formation of Arkansans Against Abusive Payday Lending (AAAPL). This informal organization of Arkansans is dedicated to improving the lives of citizens (particularly the working poor) of the State of Arkansas by removing abusive payday lending from our fair state.

AAAPL has no membership fee, no annual dues, no income,
and no expenses. It is simply a gathering together of individuals and groups who will take every opportunity to work with other Arkansans in ridding our state of abusive payday lending.

If you or your organization would like to join us please click here for an Application for Membership.