Advance America Investigated by NC Officials
The Center for Responsible Lending today commended North Carolina Commissioner of Banks Joseph A. Smith, Jr. and Attorney General Roy Cooper for launching investigations into whether payday lender Advance America is violating the state's usury laws. The Commissioner of Banks today issued a subpoena for Advance America President William M. Webster, IV or appropriate employees of the company to appear at a public hearing into the matter on October 5. Attorney General Cooper today issued an Investigative Demand to Advance America to turn over documents relating to its payday lending operations in