User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


53° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Back to all news

Politics

Find local businesses
on the KELO Pages!

 

Most Popular Today


SD Lawmaker Wants To Tighten Payday Loan Rules

February 17, 2014, 8:46 AM

SD Lawmaker Wants To Tighten Payday Loan Rules
PIERRE, SD -

A South Dakota lawmaker has come up with a proposal he hopes the Legislature can pass to put restrictions on the short-term loans he says can trap poor people into crippling cycles of debt.

Rep. Steve Hickey of Sioux Falls says that after he started an effort to put a proposed interest rate cap on the ballot for a statewide vote, representatives of the payday lending industry agreed to help write compromise regulations.

The bill Hickey has filed in the Legislature would not limit interest rates for short-term loans, but instead would impose additional state regulations and limit the size of loans based on a borrowers' ability to repay.

The House Commerce and Energy Committee is to hold a hearing on the measure Wednesday.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View politics

You may also like

Few Attend Medical Marijuana Protest At State Fair

8/29/2014 6:00 PM

A protest promoting the legalization of medical marijuana Friday didn't turn out the numbers organizers were expecting.

Full Story | Watch
Sorenson Pleads Guilty To Charge From GOP Caucuses

8/27/2014 1:54 PM

Former Iowa state Sen. Kent Sorenson pleaded guilty to federal charges stemming from his switch of support from one Republican candidate for president...

Full Story
Wismer Asks For Another Lawmaker To Sit In For Her

8/27/2014 3:07 PM

The Democratic candidate for South Dakota governor is asking that another member of her party sit in on a committee looking into reported misconduct w...

Full Story
SD Dems Want In-Person Testimony On EB-5

8/26/2014 11:25 AM

South Dakota Democrats want Governor Dennis Daugaard and former Governor Mike Rounds to testify in person and under oath about the immigrant investor ...

Full Story
Judge Hearing Arguments In Disputed Candidate Case

8/28/2014 7:22 AM

A federal judge is hearing arguments on whether the South Dakota Libertarian Party's candidate for Public Utilities Commission can appear on the N...

Full Story


Events