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North Dakota Payday Loan

CRA: Payday Lending Underneath The CRA Microscope

CRA: Payday Lending Underneath The CRA Microscope

The penultimate session at PCi’s CRA and Fair Lending Colloquium had been a conversation and debate on payday financing. The panel included Billy Webster, CEO of Advance America, a payday that is leading, and Arthi Varma, a customer advocate utilizing the California Reinvestment Coalition.

Recommendations to payday lending were interspersed through the seminar, often with unfavorable connotations.