NC Payday Lending Overview
Payday Loans ScrutinizedArmen 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.
Ellen Harnick, senior policy counsel at the Center for Responsible Lending, wrote a column for the Herald-Sun on debt-trap lending in North Carolina. Read the entire article and continue to speak out on Twitter with #StoptheDebtTrap.