Fair lending organization praises Moorhead s payday loan crackdown
The program was passed by the City Council this past fall and caused the city s two lenders Greenbacks at 819 30th Ave. S. and Peoples Small Loan Co. at 1208 Center Ave. to close up shop. 9:00 am, Dec. 31, 2020 ×
A sign still remains showing where the Greenbacks payday loan lending office was located at 819 30th Ave. S. in Moorhead. After the city passed a more restrictive ordinance regulating the businesses, the shop and the other one in the city both closed. Barry Amundson / The Forum
MOORHEAD Moorhead s pioneering city program of cracking down on payday loan lending was recognized Wednesday, Dec. 30, by Minnesotans for Fair Lending.