Latest News from Palmetto State News

Financial Researcher: South Carolinians could see increase in credit card fraud under proposed credit card regulations

By Palmetto State News Report | Apr 25, 2024

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

By Palmetto State News Report | Apr 7, 2024

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.

Illinois report being used to lobby for 'deeply flawed' SC limit on small dollar loans 'ignores broader context of the harm' of Illinois law, says financial policy analyst

By Palmetto State News Report | Feb 20, 2024

Groups lobbying for a bill to limit small dollar loans for South Carolina consumers have pointed to a report showing a 2021 Illinois rate cap bill "has saved Illinois consumer more than $600 million." That report, however, "ignores the broader context of the harm of Illinois’ rate cap policy," said a financial policy analyst, who added the South Carolina bill is "deeply flawed and will harm vulnerable South Carolinians."

Sen. Climer during S-910 committee hearing: 'We ought to be very careful with the ways in which the government interferes in the private sector'

By Palmetto State News Report | Feb 9, 2024

In a packed hearing room at the Gressette Building on Wednesday, Feb. 7, the Labor, Commerce, and Industry Special Subcommittee convened to deliberate an amendment to S-910, a bill that would regulate and potentially restrict small dollar loans in South Carolina.

Sen. Climer: Bill to limit small dollar loans to SC consumers would lead to ‘less credit availability for people who need it’

By Palmetto State News Report | Feb 8, 2024

S.C. State Sen. Will Climer (R-York) said yesterday that a bill to limit small dollar loans to S.C. consumers would lead to ‘less credit availability for people who need it.”

SC Policy Council: Senate lending bill ‘would reduce consumer options, harm competition’

By Palmetto State News Report | Feb 5, 2024

Bryce Fiedler, senior policy analyst for the South Carolina Policy Council, said the council opposes a pending South Carolina bill that would limit companies from making smaller-dollar loans to consumers in the state because it would “reduce consumer options” and “harm competition.”

South Carolina to receive $5 million from $350 million settlement with global PR firm over opioid marketing

By Palmetto State News Report | Feb 3, 2024

South Carolina will receive more than $5 million form a $350 million multi-state lawsuit settlement with Publicis Group over the PR and advertising company’s marketing of opioids, said Attorney General Alan Wilson (R-S.C.)

State Senate Labor, Commerce, Industry Committee to hold Feb. 7 hearing on bill to regulate SC lenders

By Palmetto State News Report | Feb 2, 2024

The South Carolina State Senate Committee on Labor, Commerce, and Industry will hold a hearing on S.910 on Wednesday, February 7, 2023 at 9 a.m. in Room 307 of the Gressette Building.

Columbia doctor: 'A 2016 study showed that men with chronic sinusitis are twice as likely to have erectile dysfunction'

By Palmetto State News Report | Aug 2, 2023

Studies have shown that men who struggle with sinus issues are 50% more likely to be impotent.

Graham Statement on House Passage of Annual Defense Bill

By Palmetto State News Report | Jul 17, 2023

U.S. Senator Lindsey Graham (R-South Carolina) today made this statement after the House of Representatives passed the Fiscal Year 2024 (FY24) National Defense Authorization Act (NDAA) by a vote of 219-210.

Summerville Man Arrested on Child Sexual Abuse Material* Charges

By Palmetto State News Report | Jul 16, 2023

South Carolina Attorney General Alan Wilson announced the arrest of Johnathan Alexander Wade, 34, of Summerville, S.C., on 20 charges connected to the sexual exploitation of minors

Attorney General Alan Wilson’s statement on the capture of Jeriod Price

By Palmetto State News Report | Jul 15, 2023

South Carolina Attorney General Alan Wilson released the following statement about the capture of Jeriod Price

Gov. Henry McMaster Holds Ceremonial Bill Signing for S. 36, Ignition Interlock

By Palmetto State News Report | Jul 14, 2023

Governor Henry McMaster today was joined by Mothers Against Drunk Driving (MADD) National President Tess Rowland, law enforcement officers, and members of the General Assembly for a ceremonial bill signing of S. 36, the Ignition Interlock bill

What They Are Saying: U.S. Attorney Weiss’ Response to Graham Creates More Questions Than Answers

By Palmetto State News Report | Jul 14, 2023

At the end of June, U.S. Senator Lindsey Graham (R-South Carolina), Ranking Member of the Senate Judiciary Committee, sent a letter to David Weiss, U.S. Attorney for the District of Delaware regarding the whistleblower allegations that suggest the Department of Justice (DOJ) and others slow-walked the Hunter Biden investigation. U.S. Attorney Weiss responded on Monday, but his response created more questions than answers.

Attorney General Alan Wilson announces South Carolina Human Trafficking Task Force launches statewide prevention education initiative, TraffickProofSC

By Palmetto State News Report | Jul 12, 2023

Attorney General Alan Wilson announced on July 07,the launch of TraffickProofSC, a statewide prevention education initiative of the South Carolina Human Trafficking Task Force

Palmetto State News

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Financial Researcher: South Carolinians could see increase in credit card fraud under proposed credit card regulations

Limiting small dollar loans in S.C. could reduce lending to subprime borrowers, says finance professor

Illinois report being used to lobby for 'deeply flawed' SC limit on small dollar loans 'ignores broader context of the harm' of Illinois law, says financial policy analyst

Sen. Climer during S-910 committee hearing: 'We ought to be very careful with the ways in which the government interferes in the private sector'

Sen. Climer: Bill to limit small dollar loans to SC consumers would lead to ‘less credit availability for people who need it’

SC Policy Council: Senate lending bill ‘would reduce consumer options, harm competition’

South Carolina to receive $5 million from $350 million settlement with global PR firm over opioid marketing

State Senate Labor, Commerce, Industry Committee to hold Feb. 7 hearing on bill to regulate SC lenders

Columbia doctor: 'A 2016 study showed that men with chronic sinusitis are twice as likely to have erectile dysfunction'

Graham Statement on House Passage of Annual Defense Bill

Summerville Man Arrested on Child Sexual Abuse Material* Charges

Attorney General Alan Wilson’s statement on the capture of Jeriod Price

Gov. Henry McMaster Holds Ceremonial Bill Signing for S. 36, Ignition Interlock

What They Are Saying: U.S. Attorney Weiss’ Response to Graham Creates More Questions Than Answers

Spartanburg County Man Arrested on Child Sexual Abuse Material* Charges

Lexington doctor on sinusitis: 'We are intent on getting the word out so that we can treat people and help them'

Georgia Man Arrested on Criminal Solicitation of a Minor and Related Charges

Cherokee County Man Arrested on Child Sexual Abuse Material* Charges

Heirloom Cloud Corporation relocating headquarters to Charleston County

Attorney General Alan Wilson announces South Carolina Human Trafficking Task Force launches statewide prevention education initiative, TraffickProofSC

Operation Choke Point 2.0: SC credit union chief tied to feds’ effort to ‘de-bank’ certain industries

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