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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