Arkansas Gov. Asa Hutchinson on April 11, 2017, publicly signed into law Senate Bill 658 by state Sen. Jason Rapert. The bill, which closes a loophole used by predatory lenders to charge Arkansans up to 280 percent Annual Percentage Rate (APR) interest, becomes Act 944 of 2017.
H.C. "Hank" Klein of Sherwood, a longtime AARP Arkansas volunteer leader, played a key role in removing predatory payday lending from Arkansas in 2009. Klein's expertise, passion and persistence during the legislative session that recessed April 3 of this year helped stop predatory lenders from regaining a foothold in our state.
Search AARP States
Sign Up & Stay Connected