William Webster, Co-founder and Chairman of Advance America Cash Advance Centers, the nation’s largest payday lender, appeared on WTVI’s Carolina Business Journal on Friday.  If you have a few minutes, it’s well worth watching.  Mr. Webster does an excellent job defining payday lending, the reasons customers use the service and addressing the allegations of industry critics.

Watch the full televised interview at http://wtvi.org/cbr.cfm. Mr. Webster appears  about halfway into the program, so you may want to jump ahead to that portion of the program.