Unconstitutional Usury in Arkansas
Did everyone see this news story from Arkansas? It looks like usury is alive and well and coming after payday lenders.
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- As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.
Hey, maybe you should refer to a July update instead of the original March article: http://www.arkansasbusiness.com/article.aspx?aid=106595.54928.118724
Lede: "A third of the payday lenders that Attorney General Dustin McDaniel ordered to shut down or face the possibility of lawsuits have remained open and restructured their businesses to avoid state regulation, an advocacy group said in a report released Wednesday."
Posted by: Tarsus4 | August 25, 2008 at 07:47 AM
awesome! thanks for the supplement!
Posted by: John Pottow | August 25, 2008 at 01:25 PM