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S.C. debate today

April 21, 2009 | South Carolina, The State, industry, media coverage, regulation, states | Comments (0)

From the State newspaper:

The Senate will take up the debate Tuesday. The Senate Judiciary Committee stripped out a proposal to tie lending limits to a borrower’s income. It also decreased the wait time between loans from at least a week to two days.

The payday industry remains opposed to the bill, despite the revisions.

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