Across America, legislators at the state and national level have their hands full. As the COVID-19 pandemic slows our return to normalcy, policymakers and regulators are managing the continued economic fallout amid countless other issues, trying to do whats best for their constituents.
In North Carolina, however, the state House has prioritized legislation that would drain the pocketbooks of people across the state: House Bill 76, a measure that would outlaw debt settlement for consumers struggling with overwhelming debt, including unsecured installment loans with excessive interest rates. An almost identical bill died in the state Senate last year and for good reason, because it would hav…
Read the full article at: https://www.fayobserver.com/story/opinion/2021/05/22/bad-bill-nc-house-would-block-debt-relief-lead-bankruptcy-north-carolinians/5174631001/