A 2006 Democratic gubernatorial prospect, whom resigned his chair and became CFSA’s executive vice president in 2007; longtime Democratic operative and 2010 gubernatorial candidate Dwight Drake; while the law practice of previous Democratic Governor Robert McNair. Steve Benjamin, Columbia’s very very first black mayor, once sat on Advance America’s board.
In fighting brand new laws, the industry has attempted to position it self as being a champ of this working course and folks of color in specific. It commissioned a report arguing that payday financing advantages both populations, which Representative Harold Mitchell, a black colored member whom additionally represents Spartanburg, presented to your legislature. “Objective data that payday loan providers practices that are’ consumers into predatory financial obligation cycles does not exist, ” the Mitchell report declared, contradicting sources which range from the Pentagon towards the FDIC. “Isolated instances tend to be presented within the general general general public news as proof, but there is no examination that is systematic of degree to which these individual situations are representative. ”