Update: South Carolina
April 25, 2008 | Greenville News, South Carolina, industry, media coverage, regulation, states | Comments (0)This editorial in the Greenville, SC newspaper sums up the state of play on payday lending legislation in the state. The Payday Pundit doesn’t now enough about the legislation to comment intelligently on it, but I’m struck by the fact that the editorial used the word ”reasonable” twice in referring to restrictions.
Do editorial writers really know enough about finance, economics and lending to know what’s “reasonable?” The word “reasonable” is often invoked by debators to make whatever they say sound less extreme.
