Finance Team

admin - November 29th, 2007.

PAYDAY LENDING (The State)
PAYDAY LENDING (The State)
The case for and against Efforts to tighten regulation of payday lending in S.C. failed in the Legislature this year. Proposed bills would have capped annual interest rates at 36 percent instead of the 391 percent lenders can collect. An amended version of the bill would have limited borrowers to one loan at a time, total loans per year at two and required a five-day wait between loans. …

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