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North Carolina banks seek higher origination fees on consumer loans
The Senate Commerce Committee heard a bill to raise maximum origination fees for state chartered banks issuing non real estate loans up to 300000. Fees would scale from 150 for small loans to 250 for 50000 to 99999, with 4 percent or 35 dollar payment fees for smaller payments. critics warn of out of state predatory lending risks and broader impact on low income borrowers.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
General Assembly
Joyce Krawiec
Forsyth County
Krawiec
North Carolina Bankers Association
Nathan Batts
Ches McDowell
Bb&t Corp
Sheffield Financial
Bb&t
al Ripley
North Carolina Justice Center
Ripley
Senate Commerce Committee