Archive by Category "moneylion loans payday loans"

MOORHEAD — Moorhead City Councilwoman Heidi Durand says it is time to stop payday advances that typically charge triple-digit rates of interest.

She asked the town’s Human Rights Commission Wednesday, Feb. 19, to guide state legislation that will seriously reduce rates of interest or to back a feasible town plan to restrict rates.

Durand stated the “working poor or perhaps the many financially strapped or susceptible” are taking right out vast amounts of such loans in Clay County, including as much as thousands and thousands of bucks in interest payments and fees taken from the economy that is local.