Payday Pundit

From the blog post:

The free market regulators tried to bring this back from the dead, but it sounds like Harrell has effectively killed it for good this time, as it should be.   Payday lending is a  legitimate service and is needed by people when they are in a financial bind.  Sure, there are people […]

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The windbag would be Warren Bolton, the obsessive compulsive payday lending foe who has written his 4,374th column on payday lending in today’s State Newspaper.  Compare Mr. Bolton’s smugness and self-righteousness to the sincerity of Ms. Linton’s column below.  The contrast is stark.

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That would be Martha Linton, who has a terrific guest opinion piece today in the State Newspaper of South Carolina.  From the piece:
Several years ago, unforeseen family responsibilities sometimes required me to spend more money than I had at that moment. The banks would not tailor a small loan to meet my immediate need. I […]

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“Payday lending bill is dead” says the headline from the State Newspaper.
State Rep. Harry Cato, R-Greenville, said he took umbrage at consumer advocates who criticized a House subcommittee that has not acted on the bill since it passed the state Senate on Feb. 19.
Cato, chairman of the House Commerce Committee, said a week ago that […]

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We’ll let this article speak for itself.

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For readers who are following the lawsuit in South Carolina, we received the following commentary from another reader.
John Hawkins is suing the industry saying that the Dept of Financial institutions (who is an impartial 3rd party and audits the companies), did not enforce the laws of SC. The DFI sits in judgment of the companies. […]

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So says some smart and iconoclast characters at FITSNEWS, a new online news site in South Carolina, who are watching the payday lending debate.   (For laughs, click on the sites “about us” section.)   From the piece:
Since the mainstream media refuses to pick up on the blatant legislative shakedown that’s taking place with respect to the payday […]

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Read the details here. 

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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 […]

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So says Larry Wilson in the State Newspaper of South Carolina.   We don’t normally see much wisdom from the editorial page of this paper, but this is a guest columnist, not one of their regular writers.   Wilson, the chairman of the South Carolina Council on Education, says: 
A staff report of the Federal Reserve Bank of […]

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