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MARK JOHNSON
mjohnson@charlotteobserver.com

RALEIGH - Attorney General Roy Cooper announced this morning that the last
three payday lenders in the state had agreed to shut down and pay $700,000
to credit counseling services.

The legal settlements end more than four years of haggling over the
short-term, high-interest loan business that Cooper called a "debt
treadmill."
"It's a great day," Cooper said at a news conference. "Payday lenders are
surrendering."

Check Into Cash, Check 'n Go and ...   more »

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Americans' spending outpaced their incomes in an unusually warm month

Updated: 11:32 a.m. ET March 1, 2006

WASHINGTON - Consumers, lured out to the stores by the warmest January in
more than a century, spent at a rapid clip that outpaced their incomes.

That meant that their savings rate started the year where it finished 2005,
a year which saw a negative savings rate for the first time since the Great
Depression.
The Commerce Department
reported ...   more »