Update: South Carolina payday lending fight
May 7, 2008 | South Carolina, industry, regulation, states | Comments (0)This blurb from a South Carolina television station’s website will bring you up to date:
A House subcommittee will be tackling the issue of payday lending, working on a Senate bill that would put new limits on the industry. One of the main parts of the bill would limit customers to having only one outstanding loan at a time. Currently, some customers get deeper into debt by taking out new payday loans to pay off old ones.
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