LITTLE ROCK (AP) _ Some payday lenders in the state that said they would shut down under threat of lawsuits are still operating or trying to collect outstanding debts, Attorney General Dustin McDaniel said Wednesday. McDaniel said his office is trying to verify that 156 payday lending outlets that said they would shut down and stop collecting debts are complying with a March 18 cease-and-desist letter he sent them. The 156 payday lenders McDaniel initially targeted make up more than half of the 277 check cashers licensed by the Arkansas State Board of Collection Agencies. McDaniel’s office said it focused on companies that offer "deferred presentment loans" where the business not only exchanges cash for a check but also agrees to delay the depositing of the check for a specific length of time. Advance America, which operates 30 payday lending locations in the state, said it will restructure its business to comply with the law. Read More