Payday

A bill backed by members of the payday loan industry has failed in the South Dakota House of Representatives. Those supporting House Bill 1161 say it adds…

In November voters in South Dakota will decide on a measure that caps the amount of interest a payday lender can charge at 36 percent. But a bill…

South Dakota is one of few states that has no cap on the interest rate payday loan companies can charge. Some loan companies require an APR of 500 percent…

There are two petitions in South Dakota that aim to cap the amount of interest that payday lenders can charge. According to one study payday lenders…