Right before Halloween, Rep. Kristi Noem and the GOP House tricked us with another treat for Wall Street. The House Republicans (and a sizable contingent of Democrats with strings attached) passed H.R. 992, the Swaps Regulatory Improvement Act. It's complicated,…
Posts tagged as “banking”
That Sioux Falls paper's business journal covers the booming payday loan business in Sioux Falls, which currently has 56 of the state's 186 licensed payday lenders. (South Dakota has 67 hospitals. I'll guess that South Dakota has fewer than 186…
Douglas Wiken notes with due dismay Wells Fargo's new policy of charging customers fees for depositing money. Wells Fargo will charge you 30 cents for every $100 you deposit beyond $5,000 each month. Granted, if I ever have the pleasure…
Rapid City author Eric John Abrahamson has a new book out. Building Home combines biography and economic history to tell the story of Howard Ahmanson's role in creating the savings and loan industry and promoting the post-World War 2 housing…
Dang! I was hoping that House Bill 1045, the Governor's proposed repeal of the regressive bank franchise tax rates, would provide a big windfall for the South Dakota budget. Alas, my hope was predicated on the assumption that some of…
Oh my: somebody at the Department of Revenue had the same bright idea I did! Last summer I noted that South Dakota's bank franchise tax, the income tax we charge banks which somehow doesn't kill our banking industry, follows a…
For years I've enjoyed pointing out that, even though South Dakotans resist a state income tax harder than they resist allowing women to exercise their constitutional right to abortion, we impose an income tax on banks and a handful of…