Peggy Matson
“If a customer uses (a payday loan) properly, it’s a good thing… If the customer abuses the payday loan, it will abuse the customer.”
Arkansas Board of Collection Agencies director Peggy Matson says that the payday loan industry, an industry her agency oversees, works well when used correctly…
Matson also said that her agency receives very few complaints about payday lenders violating state regulations:
“I’ve been here almost seven years and I doubt that we ever receive one complaint a month.”
Peggy Matson is executive director of the Arkansas state Board of Collection Agencies.
Source: Legislator: Payday Lenders Likely to Survive, but with More Regulations by Jason Wiest (Arkansas News Bureau)
If you would like to check the license of a payday loan company or file a complaint against a lender in your state, please refer to the list of State Regulatory Agencies for Payday Loans in our Links category.
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