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PRESS ROOM


We post media alerts and press releases on an ongoing basis.

Please check back often.

 

MCDANIEL SUES COLLECTION AGENCY OVER DATA ON PAYDAY LOAN DEBT COLLECTIONS>

LITTLE ROCK -- Attorney General Dustin McDaniel announced today that he has filed a lawsuit against a Kansas-based debt collection agency that has refused to fully answer two formal investigative requests regarding the agency's practice of collecting on payday loans.

 

Bill to override constitutional interest rate cap before Arkansas Senate committee tomorrow>

LITTLE ROCK—The Arkansas Senate Insurance and Commerce Committee is scheduled to consider tomorrow, Tuesday, March 15, 2011, a bill that would override the Arkansas Constitution's interest rate cap on consumer loans.

 

Payday lending is history in Arkansas>

LITTLE ROCK—Arkansans Against Abusive Payday Lending (AAAPL) formally announced today that the last payday lender has left Arkansas, declaring victory on behalf of all those victimized by a predatory industry that drowns borrowers in triple-digit interest rate debt.

 

Arkansas Supreme Court to hear oral arguments tomorrow in key payday lending case>

LITTLE ROCK—The Arkansas Supreme Court will hear oral arguments tomorrow, Thursday, Oct. 30, in a key case that likely will determine the constitutionality of a 1999 law designed to give payday lenders legal cover to operate in Arkansas.

Payday lenders respond to Attorney General McDaniel's crackdown; most comply, some defy

 

55 PAYDAY LENDING OUTLETS DEFYING ARKANSAS ATTORNEY GENERAL DUSTIN MCDANIEL’SMARCH 18, 2008, SHUTDOWN ORDER:

 

KATV - 7 On Your Side to Host Call-in May 13, 2008 on Payday Lending>

LITTLE ROCK - Volunteers from Arkansans Against Abusive Payday Lending will be manning the phones at 7 On Your Side Call-In to help consumers who are concerned about payday lending and will offer information on Alternatives to Payday Loans.

 

Advance America actions in Arkansas mirror company’s effort in Pennsylvania to evade 2006 crackdown>

LITTLE ROCK—Arkansans Against Abusive Payday Lending (AAAPL) today cautioned Arkansas consumers that Advance America’s recent actions in the Natural State mirror the payday lender’s efforts in Pennsylvania to evade a 2006 crackdown on the industry’s abusive practices.

BANKING DEPARTMENT CALLS COMMONWEALTH COURT RULING A VICTORY FOR PENNSYLVANIA CONSUMERS>

HARRISBURG – Acting Banking Secretary Victoria A. Reider said she is gratified that Commonwealth Court ruled today that Advance America, the nation’s largest payday lender, can no longer offer its “Choice Line of Credit” to consumers in Pennsylvania.

 

Updated study of payday lending in Arkansas shows better licensing, but regulation still lacking >

LITTLE ROCK—Arkansans Against Abusive Payday Lending (AAAPL) today released an updated study of payday lending in Arkansas that shows nearly half of Arkansas’ 265 payday lenders are still not being regulated by the state.

 

Audio news released September 2006 >

AARP Arkansas plays a crucial role in a broad-based coalition of twenty-two organizations devoted to ending the abusive practices of payday lenders in Arkansas. 

 

Study of payday lending in Arkansas shows fewer than 25% of lenders regulated by state, lax enforcement of usury protections >

LITTLE ROCK—Arkansans Against Abusive Payday Lending (AAAPL) today released a study of payday lending in Arkansas that shows fewer than 25 percent of the lenders are regulated by the state and lax enforcement of the Arkansas Constitution’s usury protections against high-interest loans.

 

State fines payday lender $1.3 million, orders 14 outlets closed >

LITTLE ROCK—The Arkansas State Board of Collection Agencies on Wednesday fined Dennis Bailey of Fordyce $1.3 million for illegally operating payday lending stores, ordered the 14 stores closed and declared outstanding loans from the stores “null and void.”