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.
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.
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."
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.
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.”
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 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.)
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.
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.
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
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
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.
South Carolina Attorney General Alan Wilson announced the arrest of Joshua Allan Stevens, 36, of Roebuck, S.C., on 20 charges connected to the sexual exploitation of a minor
South Carolina Attorney General Alan Wilson announced the arrest of Tyler Shane Greene, 26, of Augusta, GA, on 10 charges connected to the attempted sexual exploitation of a minor
South Carolina Attorney General Alan Wilson announced the arrest of Michael Williams, 35, of Gaffney, S.C., on one charge connected to the sexual exploitation of minors. Investigators with the Gaffney Police Department made the arrest
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