Minnesota House OKs payday loan regulations
ST. PAUL -- The average Minnesotan could be limited to receiving four payday loans a year.
The Minnesota House approved that restriction 73-58, with most Democrats in favor and most Republicans opposed. The bill would limit interest rates on loans to some specific types of people to 36 percent annually.
A similar bill awaits a Senate vote.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.