The skyrocketing prices of motor vehicles are no longer “breaking news.” As costs continue to rise to unaffordable levels for many consumers, the likelihood of repossessions goes beyond fear and becomes an inevitability. Regardless of the surrounding circumstances,...
read more
BNPL lenders now face regulatory scrutiny
So-called "buy now, pay later" retail programs have been a controversial topic in Minnesota because of their high potential for consumer harm. But with a sweeping wave of new regulations, analysts hope the situation will improve. What's wrong with BNPL? One of the...
Be on the alert of unlicensed lenders
Unlicensed lenders continue their illegal schemes, targeting and preying upon desperate Minnesotans. The illegal interest rates they offer have become a problem so much so that the Minnesota Department of Commerce once again is warning consumers to beware, be alert...