Advance America Case Returns to North Carolina Commissioner

Historical archive, first published 2005 — payday-lending laws and rates have changed since. Preserved for the record.

Raleigh, North Carolina — The case against Advance America, a major payday lender, will go back before the State Banking Commissioner Monday. Attorney General Roy Cooper said the lender is violating North Carolina’s consumer finance laws. Advance America is the largest payday loan company in North Carolina, with over 100 stores statewide.

The state has not sanctioned payday advances since a law expired in 2001. However, some companies have maintained payday lending by working with out-of-state banks.