Tune In Minn. lawmakers consider limiting cash loans


By: Cathy Mayfield Minnesota Public Broadcast

St. Paul, Minn. – because recession deepens and folks on the financial prices find it difficult to pay rent or produce wheels treatments, payday loans will offer rapid assistance. But individuals could also are captured in a vicious routine of credit.

Today at Capitol, lawmakers will take into account two bills which would restrict payday loaning. With regard to our childhood Radio show, Cathy Mayfield on the school of Minnesota examines rapid money in an undesirable economic climate. Continue reading