July 15, 2025

South Carolina

Mortgage

Mortgage delinquencies are rising as homeownership costs pile up

Cotality data from 2025 shows that while serious mortgage delinquencies, defined as homeowners who are 90 days or more past due on a payment, fell steadily for more than three years, the trend reversed in mid-2024. The top three states with the highest year-over-year changes in their serious delinquency rates are Florida, South Carolina and

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Funds

Carolina lawmaker privately asks Trump aides to free Mercedes EV funds

Hannah Natanson and Jeff Stein  |  Washington Post U.S. Rep. Nancy Mace (R-South Carolina) privately asked the Trump administration last week to release funding for a Mercedes-Benz plant to convert to the production of electric vehicles, according to a letter obtained by The Washington Post. In a two-page letter to Energy Secretary Chris Wright, Mace

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Banking

Senate Banking would zero out CFPB funding in reconciliation

The Senate Banking Committee would shut off the Consumer Financial Protection Bureau’s funding stream from the Federal Reserve to provide the vast majority of deficit reduction in reconciliation provisions released Friday. The panel posted an eight-page text that would restrict the CFPB from requesting a transfer from the Fed, according to a section-by-section explanation of

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Funds

Supreme Court to decide on Medicaid funds for Planned Parenthood in SC

The Supreme Court is set to hear a case on Wednesday that could impact Medicaid funding for Planned Parenthood clinics in South Carolina. South Carolina’s Republican governor, Henry McMaster, is seeking to block public healthcare funds from going to Planned Parenthood, arguing that no public dollars should support an organization that provides abortions. “This case

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