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BIG TALE a lot of money being made down low-income earners in S.C.

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BIG TALE a lot of money being made down low-income earners in S.C.

Picture by Tabor Andrew Bain, via Flickr.

“Restrictions would do absolutely nothing to deal with South Carolinians’ extremely real monetary requirements. Their dependence on credit wouldn’t normally disappear completely, just this borrowing that is regulated would,” an organization agent had written in a declaration. The declaration described its borrowers as “hardworking families.”

States would be the ‘battleground’

Based on Standaert, federal degree legislation on these high-interest loans stays sparse, particularly in the last few years. Read more