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Advance America, the largest payday loan provider in Arkansas, announced Tuesday it will close stores in the state because of Attorney General Dustin McDaniel’s threat of lawsuits over high-interest loans.

This is the result of McDaniel’s efforts that began back in the spring to shut down payday lending companies in the state. Advance America worked out a deal with McDaniel that it would close stores and stop issuing loans if no further lawsuits would be filed against the company.

As was the case when news of the clamp down on payday lenders first broke, we still wonder...