Sc: Payday Lenders Bypassed Regulation by Calling Themselves “Supervised” Loan Providers

Sc: Payday Lenders Bypassed Regulation by Calling Themselves “Supervised” Loan Providers Payday Lenders In Sc Bypassed State Laws That Limited The Amount Of Payday Advances A Person Usually Takes Out And Loans Amounts To $550 By Operating In A Category Called “Supervised” Lending Which Are Not Susceptible To Regulations. “State lawmakers passed restrictions last May…