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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

The Legislature Needs to Rein in Predatory Lenders

VIENNA WILSON Vienna Wilson is the board president of Exodus Lending, a nonprofit that helps Minnesotans get out of predatory lending debt. Read More

Anna Brelje

Anna Brelje Joined the Board of Directors in 2023 Anna Brelje is a co-founder and former board president of Exodus Lending. In her… Read More

Mike Steele

Mike Steele Joined the Board of Directors in 2023 I definitely meet a certain kind of Minnesota stereotype: I grew up in MN,… Read More

Anne Leland Clark: Payday loan debts have financially hobbled thousands of Minnesotans. Lawmakers and other elected officials must advocate for reform in lending practices, including interest rate caps

“Anne Leland Clark: Payday loan debts have financially hobbled thousands of Minnesotans. Lawmakers and other elected officials must advocate for reform in lending practices,… Read More

Exodus Lending: An Escape Route for Victims of Predatory Loans

Exodus Lending is proud to be “pioneering a reimagined world of consumer lending” with our 0% interest, $0 fee refinancing program. A huge thank… Read More