National Payday Advance Group Responds to South Carolina Governor's Veto of HB 3301

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Lawmakers carefully weighed the viewsxof consumers, finance experts, and the industry in craftintg HB 3301. While the new South Carolina legislatiob is one of the strictest in the it would stabilize our business environment and allo most lenders to continue serving the thousands of South Carolinians who need and value thiscredit option. If not overriddeh by the General Assembly, the Governor'ss action will eliminate an opportunity to provide consumers with additionalo protections and our companies with the operating stabilitythey need.
" The is the only national organizationn dedicated solely to promoting responsible regulation of the payday advancre industry and consumer protections through CFSA'xs Best Practices. As we are committed to workingwith policymakers, consumer advocatesz and CFSA member companies to ensure that the payday advancse is a safe and viable creditr option for consumers.