Advance America, the largest payday loan provider in Arkansas, said it will shut down its stores in the state because of the attorney general’s threat of lawsuits over its high-interest loans. The company announced Tuesday that it will close all its More news about payday loan companies

Advance America, Cash Advance Centers will close all 30 of its locations in Arkansas because of law curbing its payday-lending business. The Spartanburg company also has completed closing its nine locations in New Mexico after a state law placed More news about payday loan companies

JOLIET — Joliet isn’t the first city to try to restrict the growth of payday loan stores. “Every week or so it seems that there’s a town that considers a restriction on stores,” said Steven Schlein, a spokesman for the payday loan industry. “Some of More news about payday loan companies

Advance America, Cash Advance Centers, will close all 30 of its locations in Arkansas because of law curbing its payday-lending business. The Spartanburg company also has completed closing its nine locations in New Mexico after a state law placed More news about payday loan companies

Barnes, a political consultant and former Republican legislator, said the main objections to payday loans — the industry’s interest rate, rollover loans and whether people take out more than one payday loan at a time — all are addressed in More news about payday loan companies

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