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Moorhead councilwoman leads fee to end ‘vicious period’ of pay day loans

Moorhead councilwoman leads fee to end ‘vicious period’ of pay day loans MOORHEAD — Moorhead City Councilwoman Heidi Durand says it is the right time to stop loans that are payday typically charge triple-digit interest levels. She asked the town’s Human Rights Commission Wednesday, Feb. 19, to guide state legislation that will seriously reduce interest levels or to back a city that is possible to limit prices. Durand stated the “working poor or perhaps the many financially strapped or susceptible” are taking out fully vast amounts of such loans in…

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