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Proposed legislation would limit payday loans to $500 By JIM DAVENPORT Associated Press Writer COLUMBIA - Payday lenders would have to check a database of borrowers before issuing a loan and could not lend more than $500 at a time under a bill being debated by the state Senate. Supporters of the bill insist they are not trying to put payday lenders out of business. The industry is essenti... More ... Cigarette tax under scrutiny COLUMBIA - A Senate finance subcommittee met briefly Thursday to talk about a plan that would raise the state's cigarette tax. Senators discussed proposals to raise the nation's lowest tax of 7 cents a pack to as much as 57 cents. That would raise about $160 million. More ... |
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