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Column: Under the Dome Author: Dan Kane Edition: Final That's because Holloman has switched gears in the payday controversy and is co-sponsoring a bill that would explicitly legalize the short-term, high-interest loans in North Carolina. A state law allowing payday lending expired in 2001, but some companies continue to operate through arrangements with out-of-state banks. The Center for Responsible Lending, a Durham consumer group, recently published a report concluding payday lenders are more likely to be located in African-American neighborhoods. Holloman, who is black, said payday lenders are not concentrated in black neighborhoods in his district. "They're next to Belk, in malls and shopping centers," he said. Holloman said he spent three days talking to customers at payday lending outlets. Holloman said he met teachers, county workers and other public employees who said they had bad credit, needed money to pay bills and didn't have any other way to get it.
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