Regulation News
State House Candidate Allen Kellett: Would vote ‘no’ on bill to limit small dollar consumer loans
South Carolina State House Candidate Allen Kellett (R-28) said he’s a free market supporter and, as such, would oppose State Senate legislation that would limit small dollar loans to the state’s consumers.
Credit Central CEO questions why banks and credit unions are exempted from S-910 provisions
Though legislation aimed at curbing predatory lending practices – but which may actually restrict installment lenders’ marketing efforts – was not approved on its first pass in the South Carolina Senate, one of the bill’s leading critics anticipates it will reappear in one form or another during the next legislative session.
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