Crazy letter in the Beaufort (S.C.) Gazette this morning:

No one in South Carolina is seriously suggesting banning the practice here, but the currently proposed bill has no real substance to it and fails to address the key problem of usury whatsoever.

Of course, that’s not true.  There are people proposing a 36% rate cap, which is in effect a ban.  See the story below about stores closing in New Hampshire.