meta_id 3150894

On May 13, 2026, the South Carolina Department of Consumer Affairs (SCDCA) finalized a settlement with Cash Central of South Carolina, LLC, a supervised lender, resolving disputed litigation stemming from the company's operations between 2013 and 2015. The SCDCA filed suit against Cash Central in 2016, alleging it charged interest rates exceeding those permitted by South Carolina law. The loans in question ranged from $750 to $5,000 with annual percentage rates (APRs) between 146 and 246 percent. Under South Carolina law, creditors may charge any interest rate of their choosing; however, if the rate exceeds 18 percent APR, the creditor must first file its rate chart with the SCDCA and publicly post the filed rate. While Cash Central did not admit liability or wrongdoing, it agreed to the settlement to avoid further litigation expenses and uncertainty. As part of the settlement terms, Cash Central will provide refunds to affected consumers. The SCDCA has identified certain South Carolina consumers eligible for refunds and will contact these individuals over the course of the next year. The department encourages consumers to research businesses before obtaining high-cost loans and directs them to the SCDCA website, where they can access the "Fees and Licensee Lookup" tool under the "Supervised Lenders" section to view maximum interest rates permitted for lenders charging more than 18 percent APR. **Reference:** South Carolina Department of Consumer Affairs News Release, May 13, 2026