- Associated Press - Tuesday, November 1, 2016

PIERRE, S.D. (AP) - A Georgia-based car title lender has put an additional $400,000 toward opposing a ballot measure that would cap short-term loan interest rates in South Dakota.

The late infusion of cash reported Tuesday from Alpharetta-based Select Management Resources LLC comes a week from Election Day. The company has pumped over $3 million total into two South Dakota ballot measure campaigns since 2015.

The company has donated nearly $1.2 million total to a group opposing the ballot measure that would cap interest rates at 36 percent annually.

It’s also given almost $1.9 million to an organization backing a constitutional amendment that would allow lenders to charge any interest rate that a borrower agrees to in writing.

Company CEO Rod Aycox hasn’t returned 16 months of telephone messages from The Associated Press



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