in which a two-week loan for $100 carries a yearly percentage price of approximately 390 %.
The terms are outrageous and usurious to many critics. However they are typical in the wide world of high-cost short-term customer loans, or payday financing, and legal in Minnesota.
In reality, the business enterprise is sustained by a number of the nationвЂ™s biggest commercial banking institutions.
A syndicate Wells that is including Fargo Co. and Minneapolis-based U.S. Weiterlesen