South Carolina Senate backs payday loan limits and fees
Senators endorsed a bill to cap payday loans at 500 dollars per loan or a borrower’s two week income, whichever is less, and require a borrower database. The measure would double initial license fees to 500 dollars and each additional location to 100 dollars, and ban electronic fund transfers to repay loans.
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Columbia
South Carolina
Senate
House
Advance America Cash Centers Inc
Spartanburg
Jamie Fulmer
Advance America Cash Centers
John Hawkins
House approves teacher raises in South Carolina budget
South Carolina House votes to raise average teacher pay to 47000 and supplies funding to 270 per teacher. The budget plan, a 7 billion spending package, would cost 98.9 million in state and local funds and seeks to keep pay above regional average. It also blocks bus advertising space and contemplates across the board cuts and agency spending curbs amid recession fears.
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Columbia
South Carolina
House
Mark Sanford
State Board of Economic Advisors
Ways ‘and Means
Dan Cooper
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