CFPB Monitor

FEBRUARY 12, 2024

The South Dakota Division of Banking issued a Memorandum notifying all licensed money lenders and non-residential mortgage lenders of their Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) obligations under a 2020 Final Rule published by the Financial Crimes Enforcement Network (“FinCEN”).

South Dakota 78

South Dakota Compliance Regulation 78

PYMNTS

NOVEMBER 4, 2020

The states that approved legal sports betting were Maryland, South Dakota and Louisiana, while Virginia approved casino gambling in four locations, Nebraska authorized adding casino games for its horse race tracks, and Colorado added more types and numbers of games allowed at casinos and got rid of some wagering limits. “We

South Dakota 193

South Dakota Las Vegas District of Columbia Nebraska 193

PYMNTS

JULY 21, 2019

“Before I begin my questions, I just want to take a moment to commend the South Dakota Division of Banking for their forward-thinking and willingness to allow for innovation in the digital currency space. The South Dakota Trust Charter allows companies to operate on a national level so you can serve clients from every state.

South Dakota 134

South Dakota Bitcoin cryptocurrency Ohio 134

PYMNTS

MAY 22, 2020

In Deadwood, South Dakota , casinos began reopening the weekend of May 9-10. The news comes as casinos in Louisiana and Mississippi are slowly starting to reopen , and visitors are traveling far distances and waiting in lines to enter the facilities. Casinos in Lake Charles and in the vicinity of Shreveport have also begun reopening.

Las Vegas 210

Las Vegas South Dakota Nevada Operations 210

American Banker

NOVEMBER 9, 2016

Voters in South Dakota on Tuesday overwhelmingly approved a measure to cap interest rates on payday, installment and auto title loans at 36%, while rejecting a competing amendment sponsored by a large payday lender.

South Dakota 53

South Dakota Regional National Lending 53

PYMNTS

NOVEMBER 25, 2019

South Dakota vs. Wayfair was only the beginning. The Supreme Court ruling has started the ball rolling for states and municipalities to tax eCommerce – specifically, out-of-state firms and online marketplaces. But there have already been disputes making their way through the courts, as detailed in the latest Next-Gen Sales Tax Tracker.

Taxes 150

Taxes South Dakota Louisiana Massachusetts 150

Abrigo

DECEMBER 26, 2024

However, the incoming Senate leader, Republican Senator John Thune of South Dakota, reportedly has a history of opposing marijuana policy reforms , and the last federal bill on cannabis banking stalled in 2023.

Fraud 195

Fraud Compliance South Dakota Resources 195

BankInovation

AUGUST 28, 2020

According to the Mendix 2020 Software Developer Drought Index, counties in New Jersey, South Dakota and Mississippi have the largest gaps between tech jobs and available talent. “The Tech hiring is no longer confined to Silicon Valley.

South Dakota 52

South Dakota New Jersey Mississippi Software 52

PYMNTS

APRIL 24, 2020

This is an election year and several states, including New Jersey, Arizona, South Dakota, New York, Connecticut and Rhode Island, have bills about cannabis legalization on the ballot or might have those bills. Cannabis firms were deemed essential in 8 of the 11 states where adult use is legalized.

Rhode Island 208

Rhode Island South Dakota Company Colorado 208

PYMNTS

APRIL 30, 2020

Reuters reported its sources confirmed MetaBank of South Dakota and Wisconsin-based Fiserv got the go-ahead following lobbying of the Internal Revenue Service (IRS) by payment industry groups. Treasury will allow two financial technology companies to issue prepaid Visa cards loaded with coronavirus stimulus payments.

South Dakota 186

South Dakota Cards Wisconsin Payments 186

BankDeals

SEPTEMBER 4, 2020

First State Bank Nebraska offers its First Rate Checking with competitive rates to residents of Colorado, Iowa, Kansas, Missouri, Nebraska, South Dakota, and Wyoming.

Nebraska 105

Nebraska South Dakota Wyoming Iowa 105

MyBankTracker

OCTOBER 7, 2020

In South Dakota, most of the largest banks in the state offer personal loans. Since South Dakota residents have a high average credit score (according to FICO), personal loans may come at a low interest rate. If you live in South Dakota and need to get a personal loan, these are some of the best lenders to work with.

South Dakota 52

South Dakota Lending National Online 52

BankDeals

JUNE 25, 2020

Farmers Bank's (IA) Free Kasasa Cash (3.00% APY, up to $25k) is available to residents of Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin.

South Dakota 104

South Dakota Nebraska Iowa Wisconsin 104

American Banker

AUGUST 17, 2022

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South Dakota 74

South Dakota Industry 74

PYMNTS

DECEMBER 4, 2020

This case, Bloomberg reported, involves Citigroup NA , a South Dakota-based unit of Citi, suing a number of limited liability corporations including Brigade Capital Management LP , HPS Investment Partners and Symphony Asset Management , among others — all of which are considered to be of the states where their partners and members reside.

South Dakota 172

South Dakota Payments Report Capital 172

PYMNTS

SEPTEMBER 3, 2019

Deep Dive: The Unfolding Legacy of South Dakota v. The Supreme Court’s 2018 South Dakota v. In this month’s Feature Story, Hettich explains how platforms can help ease their sellers’ sales tax struggles and how eCommerce tax policies influence business strategies of both sellers and marketplaces.

Taxes 133

Taxes South Dakota Online Report 133

PYMNTS

SEPTEMBER 3, 2019

2018: The year of the Supreme Court decision in the South Dakota vs. Wayfair case. And, in retail, The North Face is offering outdoorsy experiential retail in the city, while PUMA brought its first-ever North American flagship store to New York. All this, Today in Data. 659B : Estimated potential value of U.S.

Taxes 122

Taxes South Dakota Technology New York 122

PYMNTS

OCTOBER 3, 2019

Since the Supreme Court issued its opinion in South Dakota v. The move means that users of Stripe’s payments platform can now connect to TaxCloud to manage their U.S. sales tax obligations via the company’s sales tax application programming interface (API).

South Dakota 164

South Dakota North Dakota Taxes Retail 164

PYMNTS

JUNE 21, 2018

“A company with a website accessible in South Dakota may be said to have a physical presence in the state via the customers’ computers,” he wrote. “A Or a company may lease data storage that is permanently, or even occasionally, located in South Dakota.”. Do Sales Taxes Really Matter? percent tax.”.

Taxes 119

Taxes South Dakota Online US 119

PYMNTS

MAY 12, 2020

Casinos in Deadwood, South Dakota are opening up again , complete with pictures of enthusiastic gamers clad in masks as they crowd around card and dice tables.

South Dakota 131

South Dakota Jacksonville Montana Nevada 131

PYMNTS

NOVEMBER 12, 2020

As it stands, 69 SpartanNash stores in Wisconsin, South Dakota, North Dakota, Nebraska, Minnesota and Michigan provide the Fast Lane offering. Fast Lane personal shoppers are also SpartanNash associates, and they follow “all company COVID-19 protocols” when packing orders, according to SpartanNash.

South Dakota 225

South Dakota North Dakota New Jersey Los Angeles 225

Perficient

JULY 11, 2022

Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories. Notable merchant partners include Best Buy, Home Depot, and Target. So, if there’s usually no interest being charged for BNPL purchases, how do these companies make any money?

Fintech 474

Fintech Trends Apple South Dakota 474

BankDeals

MAY 15, 2020

1 st National Bank offers its FNB Cash Checking (2.50% APY, up to $35k) in Iowa, Minnesota, North Dakota, South Dakota, and Wisconsin.

South Dakota 78

South Dakota North Dakota National Iowa 78

American Banker

FEBRUARY 5, 2021

The OCC decision comes weeks after the agency granted permission to a South Dakota trust company to offer crypto-related services. Protego Trust Bank in Seattle will focus on providing custody services for investors that hold digital assets.

South Dakota 78

South Dakota Seattle Company cryptocurrency 78

PYMNTS

MARCH 11, 2020

South Dakota passed a law in 2016, followed by Colorado in 2018. “A few banks are making [state consumer] protections moot…[and] regulators haven’t stopped them,” said Alex Horowitz, a senior research officer at the Pew Charitable Trusts, a nonprofit organization that has studied subprime lending.

Lending 145

Lending Regulation South Dakota Utah 145

American Banker

JULY 8, 2022

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South Dakota 57

South Dakota Industry 57

PYMNTS

NOVEMBER 20, 2017

What’s more, in South Dakota, a borrower’s driver’s license can be suspended, which makes it close to impossible for them to get to work. That’s according to a news report in CNBC that found that in 19 states, government agencies can take away student loan borrowers’ licenses if they default on their debt.

South Dakota 129

South Dakota Tennessee New York Taxes 129

PYMNTS

APRIL 13, 2020

In the eight states with no shelter-at-home orders – North Dakota, South Dakota, Nebraska, Iowa, Arkansas, Oklahoma, Wyoming and Utah – spending was still down, but by less. In these states, credit card spending was down 32.1 percent and debit card spending was down 15.2 Credit card spending was down 27.5 percent.

Study 141

Study South Dakota North Dakota Wyoming 141

American Banker

FEBRUARY 11, 2020

Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S.

South Dakota 56

South Dakota Community Bank Community Strategy 56

PYMNTS

SEPTEMBER 4, 2019

That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. This is in opposition to the policy established in the 2018 South Dakota v. Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax.

Taxes 129

Taxes Online South Dakota Louisiana 129

PYMNTS

NOVEMBER 26, 2019

Economic nexus and marketplace facilitator tax policies rolled out following the 2018 South Dakota v. SSUTA’s Role in South Dakota v. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . Wayfair ruling have made tax compliance challenges highly visible.

Taxes 141

Taxes South Dakota District of Columbia Compliance 141

PYMNTS

AUGUST 13, 2019

The new schools are University of San Francisco, University of Vermont, Arkansas State University, South Dakota State University, Norfolk State University, Louisburg College, University of North Alabama, Chowan University, Clemson University, Georgetown University, University of Tennessee and the University of Kentucky.

Apple 122

Apple South Dakota Alabama San Francisco 122

PYMNTS

JANUARY 24, 2019

Certain states will be heavily affected, like Indiana, Kentucky, South Dakota, Arkansas and Alabama. Reuters reported that automation technology’s melt into middle-wage jobs like construction, office work, truck driving and even food prep and food service will see more and more jobs displaced by computer technology.

Study 134

Study South Dakota Iowa Arkansas 134

PYMNTS

NOVEMBER 29, 2019

As has been well-reported in this space, the regulatory landscape is changing for companies in the wake of the 2018 Supreme Court decision captioned South Dakota v. For some of these people who have been audited by South Dakota, they have no idea that the next letter they are going to get will come from New York,” Peterson said.

Taxes 134

Taxes South Dakota New York Nebraska 134

American Banker

FEBRUARY 22, 2016

South Dakota Bancshares in Pierre, S.D., has agreed to buy First State Bank in Pierre.

South Dakota 28

South Dakota Community Bank Community Strategy 28

ABA Community Banking

APRIL 13, 2018

American Bank & Trust to acquire smaller, in-state peer Management M&A.

South Dakota 40

South Dakota Management 40

PYMNTS

NOVEMBER 25, 2019

George Isaacson has been watching the results of South Dakota v. The 2018 South Dakota v. Wayfair play out for nearly two years, as states unfurl all kinds of economic nexus and marketplace facilitator policies.

Taxes 132

Taxes South Dakota Compliance Policies 132