7bac97e1_NC_headed____NC_Justice_Center__Area_of_Interest
[Bill Number] HB 875 No alternate bill number [Summary] The bill would allow payday lenders back into NC. Payday loans are short term loans, lasting only until the borrower next gets paid and requires the borrower to give the lender access to the borrower’s bank account on payday, ensuring that the lender will be repaid. The annual percentage rates on these loans will be 392%. [Rating] Legislation takes North Carolina in the wrong direction. [Area of Interest] 
Consumer Protection
Which direction is NC headed? | NC Justice Center