Payday Pundit

An article in the Minneapolis Star-Tribune  incorrectly states,

“If all Twin Cities employees used direct deposit, it would save employees $58 million per year in payday lending and check cashing fees and employers $21 million per year in processing, according to Itasca.

Somebody didn’t do their research.  Direct deposit has absolutely nothing to do with payday lending. Customers use payday loans to cover unexpected or unbudgeted expenses between paychecks.