The AARP is asking Gov. Pat McCrory to veto a bill that raises rates on most consumer finance loans.
The legislation passed by wide margins in the House and Senate.
The bill calls for a 30 percent interest rate on loans of up to $4,000. For larger loans, the 30 percent interest applies to the first $4,000, drops to 24 percent for the next $4,000 and to 18 percent for the next $2,000.
"This legislation is going to hurt seniors and other consumers that use these loans by increasing interest rates and adding new fees," AARP Nc Director Doug Dickerson said in a statement.