The two cash advance or short-term consumer lenders in Moorhead can be facing added limitations as time goes on.
Moorhead City Council user Heidi Durand, whom done the problem for a long time, is leading the time and effort once the council considers adopting a new town law capping interest levels at 33% and restricting the sheer number of loans to two each year.
In a hearing that is public Monday, Sept. 14, council people indicated help and offered feedback on available choices for the people in a financial meltdown or those who work in need of assistance of these loans.
Council member Chuck Hendrickson stated he believes options have to be supplied if such loans are not any longer available. Read More