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Lawmaker Seeks Lower First $300 Small Loan Rate
North Carolina Representative Ruth Cook files a bill to cut the first $300 loan rate from 36 percent to 24 percent, arguing current rates harm borrowers in tight economic situations. The measure, before the House Banks and Banking Committee, seeks to ease the burden while noting prior 1975 changes aimed at consumer protection.
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Raleigh
Ruth Cook
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The
Times
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