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Former Gubernatorial Candidate Resigns from Senate for Million Dollar Payday

July 9, 2007

AIKEN, S.C. (AP, WLTX) — Clearwater Senator Tommy Moore says he has resigned the seat he’s held since 1981.

Sources close to SCHotline.com report that the Senator will take an advisory position with a VA based organization related to payday loans making close to or exceeding 1 million dollars.

[UPDATE]

FORMER SOUTH CAROLINA STATE SENATOR TOMMY MOORE JOINS NATIONAL PAYDAY LENDING TRADE ASSOCIATION

FORMER SOUTH CAROLINA STATE SENATOR TOMMY MOORE JOINS NATIONAL PAYDAY LENDING TRADE ASSOCIATION
Moore to Serve as CFSA’s Executive Vice President


Alexandria, VA — The Community Financial Services Association of America (CFSA) today announced Tommy Moore as the organization’s new Executive Vice President.  Moore, who resigned his South Carolina State Senate seat on Saturday, was the Democratic Party’s 2006 Nominee for Governor of South Carolina.  Before being elected to the Senate in 1981, Moore served briefly in the South Carolina State House. He is a respected and successful businessman and has a long track record of public service in the Palmetto State. 

Moore, a graduate of the University of South Carolina, served on the Executive Committee of the National Conference of State Legislators and the state legislation committee of the Council of State Governments.

“Tommy is a nationally known state legislator who is well respected by his peers on both sides of the aisle,” said Darrin Andersen, CFSA President. “For more than a quarter of a century, Tommy has worked tirelessly on behalf of his constituents and is recognized as a leading advocate for consumer protections,” Andersen added.

“At this point in my career, I saw an exciting opportunity to take on a new challenge that builds on my long history of supporting and protecting consumers,” said Moore. “CFSA shares those goals and I’ve been impressed with the great strides they have taken to educate consumers about responsible use of the service.”

“Payday advance customers appreciate this service, however, payday lending remains misunderstood by those unfamiliar with its benefits to working families. I look forward to dispelling misperceptions about the service and furthering CFSA’s efforts to promote responsible regulation. Compromise and bipartisanship have been the cornerstones of my career in pubic service and will be instrumental in helping the payday advance industry navigate its legislative challenges,” said Moore.
Moore and his family currently reside in Aiken County, S.C. and will be relocating to the Washington, D.C. area.

Contact: Steven Schlein or Lyndsey Medsker 202-296-0263

About the Community Financial Services Association of America
The Community Financial Services Association of America (CFSA) is the only national organization dedicated solely to promoting responsible regulation of the payday advance industry and consumer protections through CFSA’s Best Practices. As such, we are committed to working with policymakers, consumer advocates and CFSA member companies to ensure that the payday advance is a safe and viable credit option for consumers. Visit
www.cfsa.net for more information.

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2 Comments leave one →
  1. Ranbo permalink
    July 10, 2007 12:58 PM

    I love these politicans who protect the average American. God rest his soul Carroll Campbell protected us from the insurance industry and now Tommy Moore is going to protect us from the lending industry.

  2. jeff permalink
    July 10, 2007 6:47 PM

    Bad source. I hear he isnt making half that much.

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