As a statewide petition drive to cap rates of interest on payday loan providers starts, thereвЂ™s a chance that Southern Dakota could witness an amount of hardball politics formerly unseen by the stateвЂ™s voters.
Up against a comparable petition drive in Missouri in 2012, the industry fought right right right back ferociously after enduring defeats in the ballot package in Arizona, Ohio and Montana. Currently, the industry listed here is adopting comparable techniques that had been effective in Missouri at maintaining the problem from the ballot.
In court, the industry has challenged the attorney generalвЂ™s description for the ballot measure, arguing it really is insufficient, which in addition it did in Missouri. That challenge presently resides within the Southern Dakota Supreme Court. Read more