The long-running legal saga of payday lending grinds on. The state Supreme Court today sent a pending case back to Circuit Judge Barry Sims for a third try at issuing a ruling on whether the check casher's law is constitutional or not. No way that it is It authorizes, contrary to the Constitution, usurious interest rates.
I'd give you a link to the court ruling, but I have a computer glitch that is preventing me from linking to the Supreme Court page.
Thanks to Gwen Moritz at Arkansas Business to sending along a link for the court ruling and also a link to their story.