POSTED BY LAUREN WALKER AND JEFFREY BLOEM at SharedJustice.org
In 2012, on the corner of Park and Minnehaha in South Minneapolis, a Cash Express storefront opened, and members of nearby Holy Trinity Church took note. At first they were optimistic – there was now one less empty storefront – but soon they started asking questions. How does a payday loan work? What type of people do payday lenders generally serve? How does payday lending impact the community’s financial stability?
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