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North Carolinians
Have Not Missed Payday Loans
Article in
Credit Union Times:
http://www.cutimes.
com/section/ lending/35201 Quoting part of article.
RALEIGH,
N.C.
— The North Carolina Commissioner of Banks has issued a report that says that
North Carolinians have not missed payday lenders after the state deauthorized
payday lending in 2001.
The study, titled North Carolina Consumers After Payday Lending, was conducted
by the University of North Carolina's Center for Community Capital and found
that most households have a variety of different tools to overcome short term
financial shortfalls. The study also found that nine of out 10 low- and
middle-income households surveyed considered payday lending a bad thing, even if
they had experienced financial shortfalls.
"Hard-working North Carolinians have not missed payday lenders," said Mark
Pierce, deputy commissioner of banks. "This study shows that people have many
options to get through financial distress."
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