Wednesday, 9 November 2016

South Dakota Approves 36% Rate Cap on Payday Lenders

Voters in South Dakota on Tuesday overwhelmingly approved a measure to cap interest rates on payday, installment and auto title loans at 36%, while rejecting a competing amendment sponsored by a large payday lender.

source http://www.americanbanker.com/news/national-regional/south-dakota-approves-36-rate-cap-on-payday-lenders-1092341-1.html

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