Rep. Lynn Schneider, R-Huron, speaks Jan. 29, 2024, in the state House of Representatives. (John Hult/South Dakota Searchlight)

Fee for returned check could rise to $60

BY: - January 29, 2024

PIERRE — A returned check written to a South Dakota business could soon cost its account owner $20 more. Senate Bill 38 would update the fee businesses can charge people for a bad check from $40 to $60. It would be the first increase since 2007. The bill passed the Senate unanimously on Jan. 12 […]

(Illustration by Khanchit Khirisutchalual/Getty Images)

State investment manager argues against ban on ‘green’ investments

BY: - May 19, 2023

The state’s top investment officer doesn’t want lawmakers to bar him from trading the securities of “green” companies — provided those companies can make money for the state. The goal of stock market purchases in South Dakota, Investment Officer Matt Clark said, is to buy low and sell high — regardless of the kind of […]

A proposed limit on credit card late fees could eventually help consumers burdened by credit card debt and inflation. (Photo by Joe Raedle/Getty Images)

Proposed federal rule would lower credit card late fees

BY: - February 6, 2023

As Americans continue to struggle with high credit card rates, the Consumer Financial Protection Bureau has proposed a rule to help lessen some of their financial burden — in the form of lower late fees.  The new rule would limit late fees to $8. Currently credit card companies can charge as high as $41 — […]