Author Archives: fairlendingmn
Feb 11: Exposing the Debt Trap
Join us Thursday Feb 11 at Holy Trinity Lutheran Church (on 31st Street in South Minneapolis) for a conference on payday lending reform in Minnesota. The conference opens at 3:30pm and ends at 7:30pm and includes a light supper. FREE but please RSVP on our Facebook page. “Exposing the Debt Trap” will feature Gabe Kravitz from […]

Payday Lending Reform Bill: Floor Votes
How did your state legislators vote on the Payday Lending Reform Bill? One of JRLC’s key issues was eliminating the debt trap caused by predatory aspects of the payday lending industry. Although identical bills were not passed in both the House and the Senate, HF 2293 and amended language from SF 2368 were passed in […]

New poll shows Minnesota voters support stronger consumer protections for payday loans
ST. PAUL, MINN. – (April 23, 2014) – Poll results this month show over 70 percent of Minnesota voters agree that consumer protections for payday loans in Minnesota need to be strengthened. The poll commissioned by Minnesotans for Fair Lending (MFL) was conducted in April by Public Policy Polling. Download a one-page summary (PDF) of […]

We have a Senate Hearing!
Come out to support the PAYDAY LENDING REFORM BILL hearing in the Senate Commerce Committee, Capitol Room 112, Wednesday, March 26, 12:00-2:00 PM! We need to FILL THE HEARING ROOM so bring friends and fellow advocates in support of ending predatory payday lending. Your presence will help to encourage those who are testifying and sharing […]

New Report shows Payday Loan Debt Trap Drained $82 million from financially-strapped Minnesotans from 1999 to 2012
Predatory business model supports cycle of repeat borrowing with fees, for average APR of 273% ST. PAUL, MINN. – (March 18, 2014) — Between 1999 and 2012, payday lenders drained over $82 million in fees from financially-stressed Minnesotans, primarily from suburban and Greater Minnesota communities. That’s the message from Minnesotans for Fair Lending (MFL), the 34 endorsing […]