Arkansans Against Abusive Payday Lending, an advocacy group opposed to payday lending released a survey Thursday that says the number of payday lenders operating in the state has dropped from 237 in March to just 33.
Archive: October 2008 | Section: Public Policy, Other Related News, Southern Good Faith Fund, Southern Bancorp
Arkansans Against Abusive Payday Lending (AAAPL) held a news conference July 16, 2008, to release a report evaluating payday lenders’ compliance with Arkansas Attorney General Dustin McDaniel’s March 2008 order to stop making loans. The report found that 101 of 156 lenders have complied with McDaniel’s order and stopped making loans while the remaining 55 remain open in defiance of the order. AAAPL Chairman Michael Rowett, Research and Communications Manager for Southern Good Faith Fund’s Public Policy program, presented the report findings at the news conference, which was covered extensively by central Arkansas media.
Archive: July 2008 | Section: Public Policy, Southern Good Faith Fund, Southern Bancorp
A press conference was held at Sallie Cone in front of a class of fourth-grade students to discuss the state’s Aspiring Scholars Matching Grant, a program that makes funds for higher education available to qualifying families who wish to invest in the Arkansas 529 gift plan.
Archive: February 2008 | Section: Aspiring Scholars, Public Policy, Southern Good Faith Fund, Southern Bancorp
There are an estimated 28 million” unbanked” and 44.7 million “underbanked” people in the United States today, representing a potential market of 40 million households with little or no current relationship with a financial institution.
Archive: December 2007 | Section: Public Policy, Southern Good Faith Fund, Southern Bancorp
Sixty-six percent of the state’s 239 payday lenders are licensed and regulated by the Arkansas State Board of Collection Agencies and 34 percent are licensed and unregulated, the study said. The report noted that the state, which last year did not license 7 percent of payday lenders, has licensed them all.
Archive: December 2007 | Section: Public Policy, Southern Good Faith Fund, Southern Bancorp
