Biased reporting of the day
March 9, 2009 | South Carolina, customers, employees, industry | Comments (0)We don’t see why this South Carlina televion station cares what other states did:
The legislative climate in other states is shifting away from payday loans. But not South Carolina.
You won’t see payday lending signs in North Carolina – not since the state banned the practice after a legal fight by the Attorney General Roy Cooper. Cooper fought the lenders for years and later touted his fight in a TV add saying, “We ran off the payday lenders.”
Yes, and consumers in North Carolina are worse off according to a staff study of the New York Federal Reserve. Except for the ones that cross the border in Virginia or South Carolina to get payday loans.
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