Uncategorized

Legislative Black Caucus assails payday lending bank

In case you missed it, the North Carolina Legislative Black Caucus sent a powerful letter to Regions Bank this week. Regions is the Alabama bank that’s trying to reintroduce the banned practice of high-cost, predatory payday lending in the state. The group joins Attorney General Roy Cooper and a large group of consumer protection groups calling on Regions to halt making the loans — which can have interest rates as high as 365% APR.

 

 

One Comment


  1. […] Carolina’s Legislative Black Caucus has also taken a stand against this type of financial […]

Check Also

The growing movement for sane gun violence policies: Don’t miss next Monday’s luncheon

Don’t miss next week’s very special Crucial Conversation ...