Tears flow on both sides of payday loan debate
ST. PAUL -- Tears flowed freely Wednesday as senators debated what normally is a rather dry issue: loans.
Some people cried because it appeared lawmakers wanted to end short-term "payday loans." Others cried because they blamed their loans for financial problems.
The Senate commerce committee approved a compromise bill that limits Minnesotans to eight payday loans per year, with at least a 45-day loan-free period.
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