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New Documentary Details ‘David and Goliath’ Battle Against Payday Lenders in 2016 Southern Dakota Ballot Measure

New Documentary Details ‘David and Goliath’ Battle Against Payday Lenders in 2016 Southern Dakota Ballot Measure

Film shows sky did not fall whenever lenders that are payday recharging 574% interest

South Dakota – An innovative new 30-minute documentary released today because of the guts for accountable Lending (CRL), in cooperation with Southern Dakotans for Responsible Lending, follows the motion to cap the state’s payday, vehicle title, and installment loan interest levels, which formerly soared as much as 574per cent. The movie captures the relentless spirit for the broad coalition of South Dakotans that took on the securely entrenched and well-financed predatory lending industry – and won. A resounding 76 per cent of voters passed Initiated Measure 21, which capped interest levels on these loans at 36%. Leer más

Categorías: Tennessee payday loans

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