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Cherrish Holland of the Willmar Lutheran Social Services office tells a Senate committee Wednesday, March 26, 2014, that payday loans have been a problem for some of her clients. FORUM NEWS SERVICE/Don Davis

Tears flow on both sides of payday loan debate

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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.

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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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Don Davis
Don Davis has been the Forum Communications Minnesota Capitol Bureau chief since 2001, covering state government and politics for two dozen newspapers in the state. Don also blogs at Capital Chatter on Areavoices.
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