In North Carolina and nationally, credit card use has exploded over the past two decades, as consumers have turned to the cards' convenience and immediate access to credit. The North Carolina Commissioner of Banks' legislative report noted that,

A new North Carolina Commissioner of Bank's Annual Report has come out stating that 51% of traditional consumer finance companies in the state reported operating losses in 2010

When an entire industry has outsiders trying to steal its identity-what can they do about it? On July 12th at the RLNC Finance Association Meeting, the group agreed that an aggressive educational program and public relations effort is mandatory.

Much of the debate over North Carolina HB 810, which already passed in the NC House vote on June 2nd, stems from the difficulty in understanding APR and how it actually works.

Certain lenders, who are not permitted to operate in many states, are never-the-less trying to steal the identity of the consumer installment loan industry so they can continue to do business.

Who Supports HB 810? 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

Activists grossly increased costs stated in North Carolina HB 810 and did everything possible to confuse the public and legislators to support their own interests. The arguments in favor of the NC HB 810 are compelling.

North Carolina Republican leaders have kept HB810 moving forward despite aggressive opposition from activists and distortions of facts on the part of the NC Justice Center-who have misstated loan costs, and disseminated false information.

The North Carolina house bill 810 safeguards old-fashioned, one-on-one consumer loans in local neighborhoods. It protects the process of face-to-face loan applications, credit review, credit reporting and credit building.

Activists have grossly overstated costs for North Carolina consumer loans in an attempt to oppose proposed North Carolina legislation in House Bill 810.

New legislation was introduced in Raleigh today to protect consumer access to small dollar loans from NC installment lenders.

William Braxton, current President of the RLNC, a NC association of state-based independent consumer finance offices providing traditional installment loans, announced upcoming April 5th educational forum in Raleigh, featuring Dr. Harold A. Black.

With the personal credit market in turmoil due to the mortgage meltdown, traditional installment loans-offered through "Main Street" consumer finance offices-have come back in vogue as the safe, affordable and disciplined loan option for cons

Chris Stinebert, AFSA President and CEO, recently emphasized the valuable role that finance companies play in local communities in testimony before the House Subcommittee on Financial Institutions and Consumer Credit.

The Office of the Commissioner of Banks has just released its findings of a study it conducted on North Carolina's consumer loan companies.

On January 2, 2011, a new film was released as the beginning of a series which includes Professor Emeritus, Dr. Frederick Miller. Its focus is the personal installment loan and the importance of this product as an affordable and disciplined financial

North Carolina's personal loan industry continues to earn high customer satisfaction ratings based on the North Carolina Commissioner of Banks latest survey.

This week, members of North Carolina's licensed and regulated small-dollar installment loan offices met to discuss how best to protect borrowers' continued access to responsible small-dollar installment loans and how best to ensure its availabili