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Payday advances in Arkansas
Payday advances are prohibited in Arkansas, but attorney general Leslie Rutledge said June 2 because she believes the states should regulate the loans that she is not in favor of the proposed federal regulations.
The Arkansas constitution caps the attention price on customer loans to 17 per cent. Rutledge sent a page into the customer Financial Protection Bureau might 11 voicing concern that brand new federal laws could вЂњconflict with, constrict and otherwise needlessly restrict current state customer security regulations, lending criteria, licensing systems and enforcement that is regulatory.вЂќ