HB 810 Helps Tight Economy and North Carolina Business and Consumers

Online, May 31, 2011 (Newswire.com) - The need for a small change for the traditional consumer installment loan industry after a 28-year moratorium was acknowledged by the House Banking Committee. On May 26, a bipartisan vote of 15 to 6 approved HB 810, which allows for continued access to small dollar loans in NC. The bill is headed to the House floor for a vote this week.

The NC House Banking Committee acknowledges the military, NC Attorney General, NC Commissioner of Banks, and consumers in their vote in favor of HB 810.

In support of free enterprise and responsible consumer lending in North Carolina:
Click here to contact your lawmakers and ask them to support House Bill 810 and SB 761.

Who Supports HB 810?
The House Banking Committee acknowledged the fact that HB 810 was in complete alignment with the goals of the military to protect their enlisted men and women. Chris McKinley, who previously served in the Navy for ten years, and is now President of Green Cap Financial, spoke in Raleigh to the legislative committee: "A full understanding of this bill shows that it is good for North Carolina business, good for consumers, meets all military requirements for small dollar loans, and helps keep money available during this tight economy."

How Did Your Representative Vote on HB 810 PCS?
The House Banking Committee meeting met on May 26 to consider HB 810 PCS. See how your Representative voted.

Voting Yes, for protecting access to safe and responsible small loans in North Carolina
• Chair Rep. Johnathan Rhyne, Jr. (R), 919-733-5782 (Lincoln)
• Rep. Harold J. Brubaker (R), Vice Chair, 919-715-4946 (Randolph)
• Rep. Jerry C. Dockham (R), Vice Chair, 919-715-2526 (Davidson)
• Rep. Kelly E. Hastings (R), Vice Chair, 919-715-2002 (Cleveland, Gaston)
• Rep. Daniel F. McComas (R), Vice Chair, 919-733-5786 (New Hanover)
• Rep. Kelly M. Alexander, Jr. (D), 919-733-5778 (Mecklenburg)
• Rep. William Brawley (R), 919-733-5800 (Mecklenburg)
• Rep. N. Leo Daughtry (R), 919-733-5605 (Johnston)
• Rep. Mike Hager (R), 919-733-5749 (Cleveland, Rutherford)
• Rep. Mark K. Hilton (R), 919-733-5988 (Catawba)
• Rep. Bryan R. Holloway (R), 919-733-5609 (Rockingham, Stokes)
• Rep. Darrell G. McCormick (R), 919-733-5654 (Iredell, Surry Yadkin)
• Rep. Phil R. Shepard (R), 919-715-9644 (Onslow)
• Rep. Fred F. Steen, II (R), 919-733-5881 (Rowan)
• Rep. Mike C. Stone (R), 919-715-3026 (Harnett, Lee)
Voting No to protecting access to safe and responsible small loans in North Carolina
• Rep. Becky Carney (D), 919-733-5827 (Mecklenburg)
• Rep. Susan C. Fisher (D), 919-715-2013 (Buncombe)
• Rep. Rick Glazier (D), 919-733-5601 (Cumberland)
• Rep. R. Phillip Haire (D), 919-715-3005 (Haywood, Jackson, Macon, Swain)
• Rep. Larry D. Hall (D), 919-733-5872 (Durham)
• Rep. Rodney W. Moore (D), 919-733-5606 (Mecklenburg)
Not Present for the vote to protect access to safe and responsible small loans in NC
• Rep. Darren G. Jackson (D), 919-733-5974 (Wake)
• Rep. Frank McGuirt (D), 919-715-3007 (Anson, Union)

Rep. Kelly Alexander & Rep. Fred Steen are both primary sponsors of the bill, and spoke strongly in support of HB 810, as did Rep. Hager and Rep. Hasting.

Contact: Christine Robinson, [email protected], 828-230-8137