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Interest in high-interest payday advances soars in Minnesota

Interest in high-interest payday advances soars in Minnesota

Minnesotans are looking at high-interest loans and other solutions away from main-stream bank operating system, controversial enterprises that run through a loophole to dodge state limitations.

This informative article had been reported and written by Jeff Hargarten, Kevin Burbach, Calvin Swanson, Cali Owings and Shayna Chapel. This article ended up being monitored by MinnPost journalist Sharon Schmickle, stated in partnership with pupils during the University of Minnesota class of Journalism and Mass Communication, and it is the very first in a number of periodic articles funded by a grant through the Northwest region Foundation. Continue reading Interest in high-interest payday advances soars in Minnesota