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Bank Transfer Day with all its attention on high fees may have come and gone but the kickoff this month for a locally sponsored campaign in Rapid City, S.D., against payday lenders is drawing new attention to the efforts of credit unions and community banks to aid the underserved.    

But, city leaders say, it remains to be seen what impact the “Bank on Rapid City” venture will have in reducing payday dependence. The Dakota venture is modeled after a League of U.S. Cities initiative which got its start in San Francisco and is now in 50 cities.   

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