Payday Loans Provide Credit to People with Few Options
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Andrew C. Brod, Director, Center for Business & Economic Research (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: Payday loans are, for all practical purposes, no longer available in North Carolina. Earlier this month the last three payday lenders operating in the state (Check Into Cash, Check „n Go, and First American Cash Advance), agreed to stop offering the high-interest quick-cash loans. As part of their deal with Attorney General Roy Cooper, the three companies also agreed to pay $700,000 to fund credit-counseling programs.
Payday Loans Provide Credit to People with Few Options
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Created on 3/26/2006
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Additional Information
- Publication
- Brod, Andrew (2006). Payday Loans Provide Credit to People with Few Options. Greensboro News & Record, March 26, 2006
- Language: English
- Date: 2006
- Keywords
- Payday loans, Consumer advocacy, Public policy, Credit, Economic impact