St. Paul, Minn. – since the recession deepens and folks in the economic margins find it difficult to spend lease or make automobile repairs, payday advances can provide quick assistance. But, borrowers also can are caught in a cycle that is vicious of.
Today during the Capitol, lawmakers will start thinking about two bills that will limit lending that is payday. Included in our Youth Radio series, Cathy Mayfield for the University of Minnesota talks about fast money in an economy that is bad. Read more