North Carolina talking payday loans

Payday loans have been missing from North Carolina since 2007.   There is currently a bill, in the works, trying to reestablish payday loans in N.C.

In an article titled “NAACP Takes Stance“, the national organization is at odds w/ the local (North Carolina) association.  The national organization does not support regulation, while the local NAACP leaders, President Melvin “Skip” Alston and V.P. Fred Yates, are in favor of legislation that is allegedly pro payday lender.

North Carolina would be a huge victory for the industry.

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