Sioux Falls lawyer talks credit cards for National Geographic
Aug. 30, 2018
An upcoming National Geographic TV series called “The ’80s Greatest” will include Sioux Falls attorney Doug Hajek discussing the credit card industry.
A producer called Hajek, an attorney at Davenport, Evans, Hurwitz & Smith, after learning of his presentations about how Citibank came to South Dakota.
After confirming it wasn’t a prank, Hajek agreed to participate in episode six, “I Want It All,” which chronicles the credit card boom of the ’80s.
He discussed how caps on interest rates in other states started to cost big players like Citibank.
“They were reportedly losing $300,000 every single day because of this mismatch,” Hajek says in the episode about why Citibank was drawn to Sioux Falls because of the state’s more favorable laws.
Others interviewed include journalists, comedians, financial pundits and actress Susan Lucci, who talks about wondering why credit card statements nationwide were from Sioux Falls.
