New report details loan industry contributions to legislative leaders
The watchdogs at Democracy NC released the following sad but not surprising report earlier this morning: For Release Tuesday, February 28, 2012 — Contact: Bob Hall, 919-489-1931 Amended Report from...
View ArticleMilitary “protections” demonstrate stunning hypocrisy of predatory loan bill
Members of the Senate Commerce Committee approved a bill today that would jack up interest rates on small loans made in North Carolina to unprecedented levels. The bottom line on the bill: Already...
View ArticleThe next time a politician tells you…
…that high-interest loan companies in North Carolina “haven’t had a rate increase in 30 years” tell him/her that this statement is, in a word, baloney (and feel free to use a stronger word). #1:...
View ArticleWhat the finance company sharks have planned for North Carolina
There’s a common perception in the General Assembly these days that storefront consumer finance shops are not as bad a payday lenders. Indeed, this has been a common explanation offered by members of...
View ArticleSmall loan industry chafing under provisions that protect military members;...
There’s word from the General Assembly that the consumer finance industry is unhappy with state law designed to help protect active members of the military from exploitation. In case you’ve forgotten,...
View ArticleBetter late than never: Montel Williams to stop endorsing payday loans
There is another small ray of good news today in the long-term battle to rid the nation of the predatory scalawags in the payday loan racket. After years as serving as the well-compensated barker for...
View ArticleThe sharks are circling again at the General Assembly
State lawmakers have been taking a spring break this week and given the flood of disturbing bills introduced of late, it’s enough to make you wish they’d just stay away. Two new anti-consumer bills...
View ArticleNew federal loan shark rule comes up short
As had been forecast for months, the Obama administration released a new rule for public comment yesterday that is designed to address problems associated with predatory “payday” and car title loans....
View ArticleBig win for NC consumers as A.G., Banking Commissioner thwart loan sharks
There was good news in the fight against predatory consumer lending yesterday as two online predators were forced to pay back more than $9 million in ill-gotten revenue. This announcement is from...
View ArticleCampaign contributions from high-cost lenders: N&O story helps connect the...
As was explained in Tuesday’s edition of the Weekly Briefing, one of the worst bills to emerge from the waning hours of the 2017 legislative session was a proposal from the often predatory consumer...
View ArticleLawmakers return today; Cooper vetoes of small loan, “garbage juice,” casino...
The North Carolina General Assembly takes yet another step toward becoming a more or less full-time legislature today as it returns for its umpteenth special legislative session in recent years. To...
View ArticleIf lawmakers override this veto today, they will have truly hit rock bottom
The North Carolina House has scheduled five bills for veto override votes today and has been explained in this space previously, there is no good reason to take such action. Each of the vetoes Governor...
View ArticleClik here to view.
New report details loan industry contributions to legislative leaders
The watchdogs at Democracy NC released the following sad but not surprising report earlier this morning: For Release Tuesday, February 28, 2012 — Contact: Bob Hall, 919-489-1931 Amended Report from...
View ArticleClik here to view.
Military “protections” demonstrate stunning hypocrisy of predatory loan bill
Members of the Senate Commerce Committee approved a bill today that would jack up interest rates on small loans made in North Carolina to unprecedented levels. The bottom line on the bill: Already...
View ArticleClik here to view.
The next time a politician tells you…
…that high-interest loan companies in North Carolina “haven’t had a rate increase in 30 years” tell him/her that this statement is, in a word, baloney (and feel free to use a stronger word). #1:...
View ArticleClik here to view.
What the finance company sharks have planned for North Carolina
There’s a common perception in the General Assembly these days that storefront consumer finance shops are not as bad a payday lenders. Indeed, this has been a common explanation offered by members of...
View ArticleClik here to view.
Small loan industry chafing under provisions that protect military members;...
There’s word from the General Assembly that the consumer finance industry is unhappy with state law designed to help protect active members of the military from exploitation. In case you’ve forgotten,...
View ArticleClik here to view.
Better late than never: Montel Williams to stop endorsing payday loans
Photo: MoneyMutual There is another small ray of good news today in the long-term battle to rid the nation of the predatory scalawags in the payday loan racket. After years as serving as the...
View ArticleClik here to view.
The sharks are circling again at the General Assembly
State lawmakers have been taking a spring break this week and given the flood of disturbing bills introduced of late, it’s enough to make you wish they’d just stay away. Two new anti-consumer bills...
View ArticleClik here to view.
New federal loan shark rule comes up short
As had been forecast for months, the Obama administration released a new rule for public comment yesterday that is designed to address problems associated with predatory “payday” and car title loans....
View Article
