The letters were mailed to all known payday lenders licensed by the state board of collection agencies After coming under fire from consumer groups, payday lenders successfully helped create the Arkansas Check-Cashers Act of 1999 that legitimized a business previously considered a blatant violation of the state's constitutional limit on usury.
What does SBCA stand for?
SBCA stands for State Board of Collection Agencies
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We have 30 other meanings of SBCA in our Acronym Attic
- Small Business Council of America
- Small Business Credit and Assistance
- Social Benefit-Cost Analysis
- Society for the Betterment of the College Athlete
- Somerset Bridlewood Community Association (Calgary, Alberta, Canada)
- Sour Bachelor(ette)'s Club of America
- South Bay Community Association
- South Boston Citizens' Association
- Southern Baptist Camping Association
- St. Barnabas Center for the Arts (Plymouth, Minnnesota)
- Straw Bale Construction Association
- Student Builders and Contractors Association
- Sunset Beach Community Association (California)
- Surety Bonding Company of America
- Synthetic and Biological Chemistry A
- System Builder Choice Awards
- Systems Benefits Cost Adjustment
- San Beda College Alumni Association (San Beda College; Manila, Philippines)
- Santa Barbara Chinese American Association (California)
- San Beda College Alabang Alumni Association (California)
Samples in periodicals archive:
Todd Turner, the Arkadelphia lawyer representing those suing the Arkansas State Board of Collection Agencies and its members, said his appeal to the Supreme Court will be unlike past appeals.
Meanwhile, the State Board of Collection Agencies is cracking down on payday lenders that aren't licensed or violate the law.
According to Peggy Matson, executive director of the State Board of Collection Agencies charged with regulating payday lenders in Arkansas, these lenders are currently not subject to the Check Cashers Act of 1999, the controversial law that allowed the payday lending practice to expand throughout the state.
Is the move last month by the Arkansas State Board of Collection Agencies to levy a $1.
He also ruled that the State Board of Collection Agencies, which regulates check-cashers, does not use any tax funds--only license fees paid by regulated businesses--and cannot be subject to an illegal exaction claim.
Todd Turner, an attorney from Arkadelphia who has made a mission out of winning judgments on behalf of payday lender victims, has sued the State Board of Collection Agencies, which supposedly regulates the payday lenders.
Attorney Todd Turner of Arkadelphia blames the Division of Check Cashing at the Arkansas State Board of Collection Agencies for allowing AAA to surrender its licenses and revoke eight irrevocable letters of credit on the day before it was to go on trial in Craighead County.