A new study on North Carolina’s anti-predatory lending law found a sharp decline in the number of subprime loans with so-called predatory features being made in the state, but no change in either access to or cost of subprime credit. “The bottom line is since the law became effective [in July 2000], the subprime market behaved as the law intended,” said Michael Stegman, director of UNC’s Center for Community Capitalism and one of three