While my comment section lights up with debate about whether Jeff Barth agrees with us on enough policies to chair the South Dakota Democratic Party, Republican Rep. Steve Hickey announces he's teaming with Democratic consultant and über-barista Steve Hildebrand to put a payday loan interest cap on the ballot:
Though they disagree on issues like same-sex marriage, they do agree on one thing: payday loans exploit South Dakota’s poor and elderly.
“We are planning, and have been planning, to bring this thing to the ballot in 2016,” Hickey said. “The polls are on our side, the people in South Dakota understand that 36 percent is enough interest rate for a person to make some money” [Todd Epp, "Hickey, Hildebrand Form Group to Put Payday Loan Interest Cap on Ballot," Northern Plains News, 2014.11.26].
Rep. Hickey got burned by the payday lenders last session, when the usury industry betrayed him on viable compromise legislation that the industry recommended to check abuse of consumers. Rep. Hickey is now following up on the initiative vow he made last winter to subject the payday lenders to the rate-capping wrath of the voters, and he's getting Steve Hildebrand to help bring the fight.
Hickey and Hildebrand are one of the oddest South Dakota couples we could cobble together. They disagree vehemently over social issues. But if they birth this rate-cap initiative, they could model for us all how South Dakotans can work around their radically different views to identify common goals and produce practical solutions.