Interest in high-interest payday advances soars in Minnesota

Minnesotans are embracing high-interest loans and other services beyond your conventional bank operating system, controversial enterprises that run via a loophole to dodge state limitations.

This short article ended up being reported and written by Jeff Hargarten, Kevin Burbach, Calvin Swanson, Cali Owings and Shayna Chapel. The content had been monitored by MinnPost journalist Sharon Schmickle, stated in partnership with pupils during the University of Minnesota class of Journalism and Mass correspondence, and it is the initial in a variety of periodic articles funded by a grant through the Northwest region Foundation. Continue reading