payday lending http://wfae.org en Regions Bank Ends Payday Loans In NC http://wfae.org/post/regions-bank-ends-payday-loans-nc <p></p><p>Regions Bank, based in Birmingham, Alabama has been using a federal banking law to provide payday lending services, even though these types of loans are illegal in North Carolina.</p><p>But the bank recently announced that it will no longer offer its payday lending service to North Carolina residents because of the small number of eligible customers for the product in the state.</p><p></p><p><span style="line-height: 1.5;">Since 2001, payday lending shops have been illegal in North Carolina. But that law doesn't apply to banks that are based outside the state.</span></p> Wed, 30 Jan 2013 14:31:02 +0000 Tasnim Shamma 20374 at http://wfae.org Regions Bank Ends Payday Loans In NC Regions Bank Sneaks Payday Lending Into NC http://wfae.org/post/regions-bank-sneaks-payday-lending-nc <P>Shops that offer short-term, small-dollar loans with annual percentage rates of 300 and 400 percent do not cluster on urban street corners in North Carolina like they do in other states. Thu, 13 Sep 2012 21:44:18 +0000 Julie Rose 4989 at http://wfae.org Regions Bank Sneaks Payday Lending Into NC