By Binyamin Appelbaum and Mark Johnson, Charlotte Observer
The three payday lending chains still operating in North Carolina have signed agreements with state regulators to stop making loans by March 11, N.C. Attorney General Roy Cooper announced Wednesday.
The deals seem to end a nine-year period in North Carolina in which public companies, operating bright stores on busy streets, offered loans of up to a few hundred dollars in exchange for a chunk of the borrower’s next paycheck — the amount of the loan plus a hefty fee.
For this complete story, please visit Last 3 Payday Lenders Agree to Depart North Carolina.
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