- Poll: What Unites 93% of Tar Heels? Opposition to Predatory Lending and Bill Pushing Interest Rates to Over 60%+
April 8, 2015
According to a new poll conducted by Public Opinion Strategies and released today by the Center for Responsible Lending (CRL), North Carolina voters overwhelmingly disapprove of predatory lending and a bill that would legalize some of the worst lending abuses. The poll shows that 93% of registered North Carolina voters oppose pending legislation, that would allow finance companies to charge over 60% APR. The bill, SB 681, was introduced last month by State Senator Rick Gunn.
- Regions Bank Drops Payday in N.C.
January 16, 2013
After a campaign by consumer advocates and state leaders, a bank dropped its harmful payday lending program in North Carolina.
- Challenges to Lending in N.C.
December 24, 2011
North Carolina has been a leader in finding effective solutions to predatory lending, and enacting laws that strike an effective balance between strong financial markets and fair consumer protections. Now models for other states and Congress, these landmark protections are in danger of being reversed by current efforts in the N.C. General Assembly.
- NC House majority votes to raise consumer interest rates
June 3, 2011
State bill proposes raising consumer loan interest rates.
- Select States are Poised to Accelerate Foreclosure Prevention
April 2, 2010
States that received "Hardest Hit" funding from the Obama Administration have an opportunity to show leadership in stabilizing the housing market and stopping foreclosures.
- NC statewide coalition works to save NC families' homes
September 15, 2009
CRL and Self-Help partner in new NC foreclosure rescue campaign
- Institute Announces $6.5 million in Legal-Aid Grants.
March 6, 2008
The Institute for Foreclosure Legal Assistance today announced it has awarded $6.5 million in grants to 27 legal-aid offices in 19 states and the District of Columbia. The grants are the first step in a multi-year program to bolster local groups nationwide who are assisting the growing legion of borrowers facing foreclosure.
- North Carolina consumers don't miss payday lending
November 14, 2007
A new report from the North Carolina Commissioner of Banks has found that the absence of the payday loan shops that once dotted North Carolina's strip malls and street corners has made little difference to most survey respondents. Of the former borrowers who have noticed a difference, twice as many report that they are better off without payday lending.
- North Carolina Acts to Rein in Reckless Home Lending
August 16, 2007
As the disastrous consequences of reckless subprime lending continue to mount, North Carolina lawmakers are standing up for homeowners by making it tougher to offer abusive home loans.