Controversy in S.C.
September 16, 2009 | South Carolina, industry | Comments (0)A local company objects that an out-state-firm won the contract to create a data base to track payday lending transactions.
Want some cheese with that whine?
June 24, 2009 | South Carolina, industry, regulation | Comments (0)Some radicals in the Palmetto State are unhappy they were unable to ban payday lending. Listen you ninnies, the art of politics is compromise.
Last S.C. post
June 19, 2009 | South Carolina, industry, regulation | Comments (1)At least for awhile. But it’s a good one:
….In many ways there is, in fact, a greater level of clarity on interest charged with these loans than with other forms of high interest rate debt as is found in overdraft charges with checks, or in many cases with credit cards.”
People are starting to get it.
S.C. Override
June 17, 2009 | South Carolina, industry, regulation | Comments (0)Here’s a full story on the override in S.C.
Let’s hope that the payday lending wars in the state are over for awhile. This was a compromise bill that most reasonable people can live with.
39-3 in the S.C. Senate
June 16, 2009 | South Carolina, industry, regulation | Comments (0)There is a new payday lending law in South Carolina.
S.C. House overrides
June 16, 2009 | South Carolina, industry | Comments (0)Vote was 105-4. Senate vote coming soon.
“Adament” and “ambivalent”
June 16, 2009 | South Carolina, The State, industry, regulation, states | Comments (0)How does that work? Can’t can more confused than the editors at the State (S.C.) newspaper:
As we’ve said before, the measure doesn’t go far enough, and so we believe it would have been better if lawmakers had ditched this incremental effort and started anew next year in an attempt to pass stronger rules. On the other hand, we can understand why lawmakers committed to stronger regulation took what they could get this year with hopes of making improvements as annual monitoring of payday lending unearths further problems.
As the Payday Pundit has said before, we think the editors at the State newspaper won’t be satisfied until consumers rely only on the government to meet unexpected expenses.
S.C. override vote
June 16, 2009 | South Carolina, industry, regulation | Comments (0)It could come soon, as early as today.
His craziest column ever
June 16, 2009 | South Carolina, The State, Warren Bolton, industry, regulation | Comments (0)Warren Bolton, the State (S.C.) newspaper columnist who–how shall we say this?–is obsessed with the payday lending industry, wrote this in a column today:
Free enterprise didn’t create payday lending; the Legislature did.
How absurd. The legislature put up the money to open stores? The legislature came up with the business model? The legislature pays employees, pays rent and taxes? Even for Warren Bolton, this is crazy.
What’s PDLindustryblog say about S.C.?
June 15, 2009 | South Carolina, industry | Comments (0)It right here.
