Ark. Supreme Court hears arguments in payday-lending case
By ANDREW DEMILLO
Associated Press Writer
LITTLE ROCK (AP) — An attorney for a consumers’ group on Thursday asked the Arkansas Supreme Court to repeal the state’s Check Cashers Act, saying it allows payday lenders to issue loans with triple-digit interest rates.
Todd Turner, an Arkadelphia attorney, also told justices that the state could be subject to a claim for illegal exaction for the license fees it collects from payday lenders in the state