302 West Main Street, Durham, NC 27701
Phone (919) 313-8500 | Fax (919) 313-8595 | Email web@responsiblelending.org
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“Under Eakes’ lending reforms, North Carolina leads the U.S. in foreclosures. In a year-over-year comparison, the state’s foreclosure rate outpaced the nation with a whopping 146% increase vs. 94% nationwide.” — Institute for Liberty president Kerri Houston, February 2008
“Banning payday loans did not save Georgian households $154 million per year, as the CRL projected, it cost them millions per year in returned check fees.” — Researchers from the Federal Reserve, November 2007
“Payday credit, as expensive as it is, is still cheaper than a close substitute: bounced check ‘protection’ sold by credit unions and banks.” — Researchers from the Federal Reserve, November 2007
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