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Moorhead officials explore alternatives to lending that is payday MOORHEAD-City and state officials collected right right right here Monday, June 4, to talk about techniques to help Moorhead residents avoid what one nonprofit company calls the “debt trap” of payday advances. Exodus Lending, which helped arrange Monday’s conference, claims numerous residents in the area whom sign up for pay day…

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Colorado Is Not Any Model for the Nationwide Payday Rule Due to the fact customer Financial Protection Bureau considers guidelines to safeguard customers whom remove payday advances, some observers are pointing to changes that Colorado enacted this year as a model. Colorado’s cap on pay day loan interest levels restricted to 45% per has indeed reduced costs for borrowers year.…