February 20, 2008
COLUMBIA, S.C.---South Carolina government leaders are making progress on new rules for payday lenders.
The State Senate has agreed on a bill requiring lenders to check a borrower database and place a $500 limit on loans.
The proposal also bans multiple loans in a seven-day period.
The Senate has to vote on the bill one more time before it goes to the House.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.