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Column: Tuesday At The General Assembly Author: Associated Press The Senate Commerce Committee delayed a hearing on a payday lending bill placed on its calendar because its primary sponsor couldn't attend the meeting. The bill would reauthorize rules for the state banking commissioner to oversee the industry. North Carolina has had no law regulating payday loans since 2001, but national chains still do business in the state by linking up with out-of-state banks to issue the small, short-term loans. Sen. David Hoyle, D-Gaston, the bill sponsor, said the bill would allow mom-and-pop stores to get back into the business. No word on when the bill will be taken up now.
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