MCDANIEL SUES ONLINE PAYDAY LENDER

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August 10, 2010 FOR IMMEDIATE RELEASETUESDAY, AUGUST 10, 2010 MCDANIEL FILES LAWSUIT AGAINST ONLINE PAYDAY LENDER LITTLE ROCK -- Attorney General Dustin McDaniel filed a lawsuit today against Arrowhead Investments, Inc., Galaxy Marketing, Inc., and Christopher Hodes. The complaint alleges that Hodes controls these two companies, which market payday loans to Arkansas consumers through various websites. According to contracts provided to the Attorney General's Office by Arkansas consumers, these companies have loaned money to Arkansas consumers at an interest rate of 782%. With the closure of more than 250 payday lending locations in Arkansas