New Resource: Payday Lending in Minnesota

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MinnPost mapped payday lending storefronts with poverty data in 2013

Minnesotans for Fair Lending is releasing information today about payday lending in Minnesota, including the overall number of payday loans made in the state, how much money is drained from Minnesota’s families annually due to payday loans, and the difference between a payday lender and an “industrial loan and thrift” lender (clue: one operates via a loophole).

Visit Payday Lending in Minnesota under the Resources tab for more information.

Additionally, we’re developing an extensive list of resources featuring everything you ever wanted to know about payday lending. Have a specific request? Leave a comment below!

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