Could payday lenders come back to Southern Dakota? Feds might start the doorway
Check ‘n get a quick payday loan company at the part of E. 10th St. and Blauvelt Ave. in Sioux Falls seems to be peaceful on Wednesday, Nov. 16, 2016. (Picture: Jay Pickthorn/Argus Leader)
Simply an interest rate cap on payday advances wasn’t enough.
The number of lawmakers whom crafted the language in Southern Dakota’s present restrictions on payday advances, which restrict interest levels to 36 per cent, knew the industry would try to look for approaches to work all over guideline. Read more