Lawmakers make last push for payday lending reform

COLUMBIA, S.C. (AP) - South Carolina legislators will make one last attempt to pass payday lending restrictions before their session ends.
   
Republican Sen. Wes Hayes of Rock Hill has said Tuesday is “do or die” for the measure meant to stop payday lenders from ensnaring poor residents in a cycle of debt. The Senate gave tentative approval to the bill last Thursday but left the details for this week.
   
The session is set to end Thursday.
   
Senators hope to reach consensus on a compromise with the House, which would move the bill closer to becoming law.
   
The House and Senate versions limit borrowers to one loan at a time. Advocates for the poor say the House version is too weak. A few senators have fought for lower loan limits and more time between loans.