Remove National Remove Regional Remove Regulation Remove South Dakota
article thumbnail

South Dakota Approves 36% Rate Cap on Payday Lenders

American Banker

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.

article thumbnail

Who Pays A Higher Price For Online Sales Tax?

PYMNTS

The 2018 South Dakota v. Executives attributed the decline to the impact of states’ decisions to tax online sales and projected the change in regulations could cut into sales growth by 2 percentage points next year. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October.

Taxes 102