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Interest in high-interest payday advances soars in Minnesota

Interest in high-interest payday advances soars in Minnesota

Minnesotans are looking at high-interest loans and other solutions beyond your main-stream bank operating system, controversial enterprises that run through a loophole to dodge state limitations.

This informative article had been written and reported by Jeff Hargarten, Kevin Burbach, Calvin Swanson, Cali Owings and Shayna Chapel. The content ended up being monitored by MinnPost journalist Sharon Schmickle, manufactured in partnership with pupils in the University of Minnesota School of Journalism and Mass correspondence, and it is the very first in a variety of occasional articles funded by way of a grant through the Northwest region Foundation.