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Without a doubt about Payday loans become reform target for MN lawmakers

Without a doubt about Payday loans become reform target for MN lawmakers

Listed here is a current united states of america today headline: “cash advance charges can trap you,”

A different one through the L.A. days: “Many pay day loan borrowers have stuck in ‘revolving home of debt'”

And also this tale due to the Boston world: “Payday loans: a high-cost trap.”

Sensing a style?

The concern over payday advances has many Minnesota lawmakers’ attention too – enough where in actuality the Senate business committee authorized a bill that limits the number of pay day loans a Minnesotan may take down, Forum News provider reports.