Rules Are Coming On Payday Loans To Shield Borrowers

WASHINGTON (AP) — Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt. The Consumer Financial Protection Bureau says state laws governing the $46 billion payday lending industry often fall short, and […]

4 mins read

Beer tax pits business owners against City Council

Before a heated informational session Monday evening, mayor John Powell turned to a few other members of the Vermillion City Council. “I might get impeached tonight,” Powell said jokingly. The City Council is proposing an ordinance for a five percent malt liquor mark-up to help fund renovations to Prentis Park. The mark-up would be charged […]

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Sentencing in tax fraud scheme will not affect football program

Three former University of South Dakota football players, along with eight others, plead guilty to tax-refund fraud. Alphonso “Rico” Valdez was sentenced to 61 months in prison Jan. 12 in Sioux Falls. Each of the 11 people involved in the scheme plead guilty, and about $400,000 was collected in total. Athletic Director David Herbster said in […]

1 min read