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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.

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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges

PYMNTS

Over in Deadwood, South Dakota, 13 of the 21 casinos in have opened again. online gaming sites harness online payments, methods have to be licensed on a state-by-state basis, and transactions are subject to local regulations. As a result, the popularity of brick-and-mortar versus online gaming could vary by region.

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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.

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