Federal gov't has increasing desire for curbing payday advances

Closing loopholes in loan agreements is supposed to be key to make certain customer security 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 rate on customer loans to 17 %. Rutledge sent a page towards the customer Financial Protection…