MN Payday Loans Article

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MN Payday Loans

Pew researchers placed 28 states into the category of what it defines as “permissive,” including seven states that set no interest limits at all on payday loans. Eight, including Minnesota, are considered “hybrids,” or states that allow payday ...

Some states — not Minnesota — strictly regulate or ban payday lending

This article was reported and written by Jeff Hargarten, Kevin Burbach, Calvin Swanson, Cali Owings and Shayna Chapel. The article was supervised by MinnPost journalist Sharon Schmickle, produced in partnership with students at the University of Minnesota ...

Demand for high-interest payday loans soars in Minnesota

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U.S. Bank is one of a handful of banks nationwide that makes payday loans, according to a recent report. Protesters from Idaho Community Action Network were joined by others from Oregon and at least one person from Minnesota, where U.S. Bank is ...

U.S. Bank Shareholder Meeting Brings Protesters to Boise

While payday loans and overdraft fees are trapping low-income people ... Fought said that it is critical that US Bank paying its fair share of revenues in Minnesota as well—that a decade of “cuts only” budgets under former Governor Tim Pawlenty ...

This Week in Poverty: Banks Got Nowhere to Run To, Baby | The Nation

With 15 states banning payday loans, a growing number of the lenders have set ... In December, Lori Swanson, Minnesota’s attorney general, settled with Sure Advance L.L.C. over claims that the online lender was operating without a license ...

Major Banks Aid in Payday Loans Banned by States

An internet-based payday loan company has agreed to stop lending in Minnesota and pay $760,000 in damages for charging Minnesotans unlawful interest rates of up to 1,564 percent. Minnesota Attorney General Lori Swanson announced the settlement with Sure ...

$760,000 to be paid to Minnesota payday loan victims

With 15 states banning payday loans, a growing number of the lenders have set up ... In December, Lori Swanson, Minnesota’s attorney general, settled with Sure Advance L.L.C. over claims that the online lender was operating without a license to make ...

Major Banks Aid Behind the Scenes in Payday Loans Banned by States

Swanson says the company, based in Delaware, made over 1,200 loans to Minnesota residents. The attorney general filed a lawsuit against Sure Advance, LLC in Hennepin County District Court in September 2011, accusing it of violating state payday loan laws.

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