NC Payday Lending Overview

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Payday Loans Scrutinized
Armen Keteyian reports on the dangers of payday loans. Aired on CBS Evening News July 29, 2008.

North Carolina is the first state in the country to close down a once legal payday lending industry.

This saves hundreds of millions of dollars every year for North Carolina families living paycheck to paycheck. However, the fight is never over. The industry constantly looks for new ways to bring payday-like lending to North Carolina.