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Legislative Black Caucus assails payday lending bank

Posted By Rob Schofield On October 12, 2012 @ 8:08 am In Uncategorized | Comments Disabled

In case you missed it, the North Carolina Legislative Black Caucus sent a powerful letter to Regions Bank this week [1]. 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.



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URL to article: http://pulse.ncpolicywatch.org/2012/10/12/legislative-black-caucus-assails-payday-lending-bank/

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[1] sent a powerful letter to Regions Bank this week: http://www.newsobserver.com/2012/09/18/2352194/regions-bank-assailed-for-payday.html#storylink=misearch

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