It remains difficult to fathom that the leaders in the General Assembly would really want to open the can of worms that is payday lending, but, as we have reported on several occasions here recently, powerful state Senators are indeed advancing a bill to re-legalize the long-banned practice here in North Carolina.
Meanwhile, opposition to the idea continues to surface and grow in numerous places. Here are just a few:
Yesterday, the North Carolina Council of Churches devoted the newest issue of its Raleigh Report to a description of the evils of two-week, triple-digit interest rate loans.
This morning, Read More…