Sunday - September 21, 2014
Payday Lendors Making Push To Get Back To NC
Written by Bruce Ferrell   
Saturday, 23 February 2013 06:03

RALEIGH -- A bill being considered by North Carolina lawmakers, that would re-institute payday lending in the state, is being criticized. Senate Bill 89, if passed, would allow the practice to return, but it stipulates that a payday lender can't knowingly give a loan to a member of the military, their spouse or dependents.

Al Ripley, with the North Carolina Justice Center, says the verbiage in the bill is full of holes, and protects no one.

"It is a weak provision. The bill is filled with a lot of language and phrases that are poorly worded and really designed not to work."

He says one of those holes is that lenders try to get military members to admit that they are not in the military so they can give them the loans

Last Updated on Monday, 25 February 2013 19:00
 
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner

 
Banner

NCNN is a division of Curtis Network Group, Inc.
Copyright © 2014 - Curtis Media Group, Inc.