Payday Pundit

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.