SEPTEMBER 15, 2006 - Posted at 8:02 a.m. CDT
LITTLE ROCK (AP) - Republican gubernatorial nominee Asa
Hutchinson says Democratic rival Mike Beebe has been ineffective in
fighting predatory lenders. He also says Beebe has created a
conflict of interest by accepting contributions from payday lenders
while working as attorney general.
Beebe described the former congressman's criticism as ``one more
Hutchinson cited four (th) thousand dollars in contributions
Beebe has received from payday lenders, and he accused Beebe of
failing to take action against the (quote) ``unscrupulous
Hutchinson said he supports revoking the 1999 Check Cashers Act,
which allows payday lenders to charge fees and interest rates in
excess of the state's usury limit of 17 percent.
Beebe's campaign noted that in the Legislature, Beebe voted
against the Check Cashers Act in 1999 and voted for its repeal in