Regulation News
Financial Researcher: South Carolinians could see increase in credit card fraud under proposed credit card regulations
Glenn Grossman, the director of research at financial advisory firm Cornerstone Advisors, said the pending federal “Credit Card Competition Act of 2023” (CCCA) could lead to an increase in credit card fraud.
Limiting small dollar loans in S.C. could reduce lending to subprime borrowers, says finance professor
As the South Carolina State Senate considers legislation to limit small dollar loans, Tom Miller, finance professor at Mississippi State University, said a bill to limit small dollar loans in Illinois led to reduced lending to subprime borrowers.