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Payday loans under fire in the Minnesota legislature

By Sam Glover

There are two bills (HF0914 & HF1471) pending in the Minnesota legislature. HF0914 would eliminate payday loans entirely. HF1471 would impose some regulations on payday lenders and adds a private right of action for consumers, with attorney fees and costs. Minnesota Public Radio has more on why payday lending is under scrutiny and at risk of [...] Related posts:

• Alternatives to payday loans: small dollar loans
• Payday loans only delay trouble
• Payday holiday: do we need a vacation from payday lending?


Full post as published by Caveat Emptor on March 18, 2009 (boomark / email).

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