As I posted on Tuesday, the South Dakota Senate had a chance to curb some of the absurd interest rates charged by "payday" lenders.
The Senate Commerce Committee "deferred SB 173 to the 41st Legislative Day", which is a nice Midwestern way to say it was killed in committee.
State Senator Sandy Jerstad was kind enough to return my phone call inquiring about the bill, and said,
"It wasn't a surprise... I think we just have to keep after this... we're not going to let this go."
God's not going to let it go, either:
"One who augments wealth by exorbitant interest gathers it for another who is kind to the poor." Proverbs 28:8 (IOW the day will come when God will impose a permanent "transfer.")
1 comment:
Thanks! Nice work. Glad to learn others care about one of SD's social crimes of the century.
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