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South Dakota Regulator Requires BSA/AML Compliance for Money Lender Licensees and Non-Residential Mortgage Lenders

CFPB Monitor

The South Dakota Division of Banking issued a Memorandum notifying all licensed money lenders and non-residential mortgage lenders of their Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) obligations under a 2020 Final Rule published by the Financial Crimes Enforcement Network (“FinCEN”).

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What Wayfair’s Lawyer Says About The Wayfair v. South Dakota Decision

PYMNTS

The 2018 South Dakota v. Lawyer George Isaacson argued Wayfair’s side in the historic 2018 South Dakota v. State and local governments have been figuring it out for themselves in the absence of Supreme Court guidance — and, at times, provoking businesses’ ire in doing so. Wayfair case.

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X picks up two more state money licenses

Payments Dive

South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature.

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South Dakota Sues Wayfair, NewEgg, Overstock And Systemax Over Lost eCommerce Revenue

PYMNTS

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. The group’s suit claims the South Dakota law violates the U.S.

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Are New Jersey and South Dakota becoming the new tech hiring hotspots?

BankInovation

According to the Mendix 2020 Software Developer Drought Index, counties in New Jersey, South Dakota and Mississippi have the largest gaps between tech jobs and available talent. “The Tech hiring is no longer confined to Silicon Valley.

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Can South Dakota Move The Needle On A Federal Online Sales Tax?

PYMNTS

And South Dakota, for one, has had enough. “Legal challenge” might actually be the best-phrased stone South Dakota has thrown at the beehive of transnational eCommerce. Now, however, it’s not just South Dakota that’s allied in the fight to take down Quill.

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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.