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Moorhead councilwoman leads fee to quit ‘vicious period’ of payday advances

Moorhead councilwoman leads fee to quit ‘vicious period’ of payday advances

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

She asked the town’s Human Rights Commission Wednesday, Feb. 19, to guide state legislation that could seriously reduce interest levels or to back a feasible town plan to limit prices.

Durand stated the « working poor or the many financially strapped or susceptible » are taking right out vast amounts of these loans in Clay County, incorporating as much as thousands and thousands of dollars in interest re re payments and charges taken out of the regional economy. Continuer la lecture de Moorhead councilwoman leads fee to quit ‘vicious period’ of payday advances