A decade after North Carolina outlawed payday lending, the short-term, high-interest loans are making their way back into the state through banks, consumer watchdogs say. If they weren t a bank, they wouldn t be able to offer this product in North Carolina,said Chris Kukla, senior vice president with the Center for Responsible Lending, which leads a coalition of groups opposed to what they describe as abusive loan practices. The effective interest rates for Ready Advance loans…
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