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North Carolina Organizations for a Strong Payday Rule

March 23, 2016
Payday Loans
Letters to Congress

View a letter from North Carolina organizations to Director Richard Cordray of the Consumer Financial Protection Bureau calling for a strong payday rule. North Carolina has a unique story to tell about payday lending. North Carolina was the first state to:

  • Roll back a once legal payday industry
  • Litigate the rent-a-bank model
  • Force a bank to drop its bank payday loan product