14-Store Chain fined $1.3 Million

The Arkansas regulatory body of payday lenders fined a 14 store chain owned by Dennis Bailey of fordyce more than $1.3 million.

Matson was operating as a Missouri lender in Arkansas. Missouri law does not allow Missouri payday lenders to operate outside that state.

It is still unknown if the 14 store operation will close it’s doors. Attempts have been made to contact the stores with mixed answers. Petitions have been filed by the owner, but no hearing dates have been set.

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