Editorial Roundup: Present editorials in Arkansas papers

January 14, 2021 No comments yet

Editorial Roundup: Present editorials in Arkansas papers

Listed here are excerpts from present editorials in Arkansas papers:

Texarkana Gazette, Oct. 4, 2016

Old game, brand new twist

Back in 2008, then Arkansas Attorney General Dustin McDaniel established a campaign to rid the state of payday loan providers.

The storefront financing operations advanced level money on post-dated checks. The attention and charges charged on these money advances — payable every two days — usually added up to 400 % per year or maybe more, far more than the state’s cap that is constitutional rates of interest.

Experts stated lending that is payday trapped borrowers in a period they are able to never ever aspire to escape, refinancing loans any a couple of weeks since they could perhaps not manage to pay the key.

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