Arbitration Update - Written by Jere Beasley on Tuesday, December 30, 2008 13:37 - 0 Comments

Arkansas Supreme Court Outlaws Payday Lending

The Arkansas Supreme Court has ruled that the Arkansas Check-Cashers Act, a payday lending law, is unconstitutional. Interestingly, the Act was found by the Court to be unconstitutional in its entirety. This was a tremendous victory for consumers in Arkansas and hopefully was a fatal blow to the payday loan sharks who prey on folks in that state.

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