Still not over in S.C.
May 14, 2009 | Associated Press, South Carolina, industry, regulation | Comments (0)From the AP:
A move to restrict payday lending appears headed for failure yet again in South Carolina.
Lawmakers said Wednesday the chances of them passing a compromise this year are slim, with just four days left on the legislative calendar.
The House passed a measure earlier this year that industry opponents criticized as too weak. The Senate passed a stronger version last year but hasn’t been able to pass anything this year. The bill currently before the Senate calls for a two-day waiting period and a loan limit of $500 with no link to income.
The good news is that there are only four day left on the legislative calendar. That means only two dozen more blog posts on South Carolina.
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