Let My People Go: South Dakotans Stop Predatory Payday Lending
A 30-minute documentary produced by the Center for Responsible Lending, in cooperation with South Dakotans for Responsible Lending Before November 2016, payday and car title lenders in South Dakota charged annual interest rates up to 574%, trapping people in debt and often ruining their financial lives. The state legislature wouldn't pass reform, so South Dakotans put a 36% interest rate cap on the ballot. In a true David and Goliath story, payday lenders spent $3 million and put a competing measure on the ballot, a fake interest rate cap intended to fool people into thinking they were voting...