anika, Author at Exodus Lending - Exodus Lending

Gratitude & Growth: Our Biggest Investment Yet

May, 2024Exodus Lending works with financially excluded Minnesotans to advance economic justice through consumer lending, community organizing, and advocacy. Visit our website at… Read More

Dave Walters

Dave Walters Joined the Board of Directors in 2024 David Walters has been the Vice President of Consumer Lending at Hiway Credit Union… Read More

Roxanny I Armendariz

Roxanny I Armendariz Joined the Board of Directors in 2023 23 yrs ago I asked for a volunteer opportunity at NeDA and the… Read More

Timothy Anderson

Timothy Anderson Joined the Board of Directors in 2023 My professional background is centered around serving people. From being an Americorps VISTA at… Read More

‘It left me with nothing’: the debt trap of payday loans

Some payday loans have interest rates as high as 664% – but now Minnesota will cap them at 36%, in line with some other states. Read More

Payday loan rate cap in advanced stages at Capitol

Payday loan rate cap in advanced stages at Capitol Read the Mankato Free Press article here MANKATO — Proposed legislation… Read More

A proposal at the Legislature would cap annual percentage rates, which averaged 220% in the state last year, at 36%. 

Payday loans are rising, but a Minnesota proposal might soon put an APR cap on them Sherry Shannon thought… Read More

How to Get Out of a Payday Loan Nightmare

Payday loans can lead to a cycle of debt. Learn how these loans work and what resources you can use to relieve payday loan debt. Read More

A bill in the Legislature would cap interest rates for payday loans at 36%

Payday loans trap Minnesotans in a cycle of debt A bill in the Legislature would cap interest rates for payday loans at 36%… Read More

DFL legislators advance bill to limit interest rates on payday loans

Read the article from Grace Deng in the Minnesota Reformer House legislators on Wednesday advanced a bill to… Read More