Battle Over Interest Rates Continues in Sioux Falls

Interest rates are among the issues that could be on the ballot for our next election.

Petition signature collectors are in the final days of trying to get your signature before the deadline. Two petitions regarding capping interest rates are available for your signature, but they mean two different things.

Steve Hildebrand with the group South Dakotans for Responsible Lending explains his concerns with the 18% cap petition, which he claims is being circulated by payday loan companies. The other petition is a cap at 36 percent without a waiver possibility.