In the early 1980s major credit card companies moved their headquarters from New York City to Sioux Falls, South Dakota to avoid what contract restrictions?

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The credit card companies moved their headquarters to Sioux Falls, South Dakota to avoid usury laws, which limit the amount of interest that can be charged on loans. South Dakota had no usury laws, allowing lenders to charge higher interest rates.

In the Early 1980s Major Credit Card Companies Moved Their