North Carolina consumers don't miss payday lending
Take it from former payday borrowers: loan sharks who left the state will not be missed. 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. This comes as no surprise to those who understand the predatory nature of payday lending. These loans are structured so that borrowers typically cannot pay