Since the Occupy movement first started making news in September, I've sympathized with the pundits who argue that the Occupiers have to go beyond public demonstrations, get specific, and get political. Greg Olson sends news overnight that Occupy Rapid City…
Posts tagged as “banking”
KELO generally enjoys blowing the usury industry's smoke about how regulations raise their costs and force them to lay off workers. But KELO slipped Wednesday night and admitted that the Federal Reserve's new debit card rules are intended to lower…
In our conversation about South Dakota's nation-leading multiple-job-holding rate, Joseph Thompson brought up South Dakota's low credit card debt. Indeed, we upper Midwesterners are relatively restrained in our plastic payments: Lowest Credit Card Debt States Q2 2011 Iowa $3,731.00 North…
As expected, the House Commerce and Energy Committee stood in favor of abusive lending practices Wednesday and killed HB 1223 and 1224, the anti-usury bills proposed by Pastor and Representative Steve Hickey (R-9/Sioux Falls). The bankers and loans sharks rolled…
Father Tim reports the clever devils who don't want to confront the inconsistency of their "family values" with their support for family-wrecking payday lenders are scrambling to kill House Bills 1223 and 1224: My sources say that opponents got the…
Credit to Father Tim for first coverage on the usury battle! I had my worries about Pastor Steve Hickey's ascension to the Legislature. His fervent spiritual opposition to abortion has led me to believe he might go to the Legislature…
Father Tim sighs with dismay at the shrug his local state senators offer to his suggestion that South Dakota should rein in the excessive interest charged by our payday lenders and other financial institutions: Only Sen. Shantel Krebs attempted to…
The Financial Industry Regulatory Authority has published results of its nationwide Financial Capability Study. KELO follows the order of the press release for South Dakota and puts the good news first: we South Dakotans are third best at "financial literacy."…