Star Tribune: New program aims to provide lower-cost alternative to payday lenders

“Twin Cities-based nonprofit Prepare + Prosper and Sunrise Banks will announce Wednesday a multiyear plan to provide thousands of low-income families with an alternative to payday lenders and check-cashing operators.

The Financial Access in Reach (FAIR) plan is aimed at providing “financially underserved” people with access to a checking, savings and small-loan program at a modest cost.”

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