Tag Archives: Minnesota

Single mom credits payday loans with deepening her financial crisis

Meet Reneé. A Duluthian and a mother of four, Reneé has held the same full-time job for years. In 2005, Reneé fell short on a few bills and decided to take out a payday loan to make ends meet. Last month, she came to the Capitol to testify in favor of payday lending reform. She […]

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 […]

Thank you, Minnesota Coalition for the Homeless!

The Minnesota Coalition for the Homeless gave Minnesotans for Fair Lending the chance to present the case for payday lending reform at their Day on the Hill yesterday. Many advocates opted to don MFL’s “Stop the Payday Loan Debt Trap” buttons while they advocated for affordable housing at the Capitol.   We are so grateful […]

Senate bill introduced

A companion bill to HF 2293 (Atkins) enacting payday lending reform was introduced in the Senate yesterday and referred to the Senate Commerce Committee. SF 2368 was introduced by Senator Jeff Hayden, “a bill for an act relating to commerce; regulating payday lending”, according to the Senate Journal March 6. Co-authors are Sen. Kevin Dahle, […]

New Resource: Payday Lending in Minnesota

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 […]

New fact sheets available

New fact sheets have been made available today at MFL’s Resources page: Frequently Asked Questions about Payday Loans Myths and Fact about Payday Lending in Minnesota Minnesotans for Fair Lending Payday Lending Reform – Bill Summary Check back often, as we’ll be updating the website often with campaign updates.

400% APR: A Summit to End Predatory Payday Lending in Minnesota

Join the Joint Religious Legislative Coalition, Holy Trinity Lutheran Church, The Justice and Witness Team of the Minnesota Conference UCC, Jewish Community Action, Legal Services Advocacy Project, and Minnesotans for Fair Lending to learn about the problem of payday lending in Minnesota and potential solutions to change the situation. Dinner will be provided! Where:  Holy […]

About

Minnesotans for Fair Lending (MFL) is a non-partisan campaign dedicated to reforming and eradicating predatory aspects of payday lending in Minnesota.