Local News

State Payday Lenders Could Soon See Changes

Posted April 26, 2005

— It could be a big day for payday lenders and its opponents.

The Senate Commerce committee will consider a measure that would re-establish state regulation over payday loans after a nearly four-year absence.

At the same time, the North Carolina Commissioner of Banks will hold a hearing on whether Advance America, the state's largest payday lender, is breaking the law by offering high-interest loans.

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