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South Dakota

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TexasTowelie

(112,217 posts)
Tue Jan 3, 2017, 11:30 PM Jan 2017

400 jobs lost to payday lending measure, ripple effects [View all]

Only a gun range and radio station remain of the entertainment emporium that was Chuck Brennan's Badlands Pawn, Gold and Jewelry.

That was the latest news in the ongoing saga of Initiated Measure 21, the interest rate-capping ballot question that’s shut down the payday industry in South Dakota.

Badlands Motor Speedway is up for sale, and all 11 of Brennan’s Dollar Loan Center stores are closing.

That’s left a lot of people out of a job. The businesses represented 400 jobs in total, Brennan said, half of which were full-time.

Read more: http://www.argusleader.com/story/news/2017/01/03/brennan-400-jobs-lost-payday-lending-measure/96113812/

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