Exodus Lending

10/12/2026

The storefront payday lenders which our communities were familiar with may no longer be legal in Minnesota, that doesn't stop out-of-state tech companies from importing high-cost loans into our state.

Learn about the rent-a-bank scheme with our digital zine!

10/05/2026

You've heard us talk a lot about Payday Loan Apps, and thanks to the new report from the Julian Bond Institute, we have confirmation that a lot of the trends we have been seeing in our borrowers are consistent with across the nation. Check out their new interactive map with statistics broken down by state!

New interactive map: “The Cost of Payday Loan Apps in Your State”
Find the high costs of payday loan apps in your state and download a factsheet for each state: https://loom.ly/a4HGhig

The data indicate that the annual percentage rate (APR) of the average loan is 232%, 96% of loans had fees, including fees disguised as “tips”, and 82% of fees were extracted from people with 25+ loans a year.

“In every state, payday loan apps regularly trap people in debt by charging annual interest rates over 200% and pushing them to reborrow dozens of times a year. The financial harm these loans inflict on people should be a wake-up call to policymakers. To protect consumers, strong interest rate caps must be applied to these predatory loans,” said Christelle Bamona, senior researcher at CRL and co-author of the analysis.

10/02/2026

Imagine this: a resume filled with experience as a consumer rights attorney fighting abusive
lenders, time spent leading global efforts to advance human and reproductive rights,
leadership positions in communications and operations, combined with a
background in serving financially underserved communities, building
inclusive practices, and accessing capital for CDFIs...

Considering our very specific needs at Exodus, we might drop dead on the spot.

We would say "it's too good to be true" - but when our five new
Board Members put their heads together, that will be our reality! We are
SO excited to have these individuals, with all of their knoweldge and
experience, joining the Exodus Lending circle. Our existing Board Members and
team are so happy to be welcoming you. 🎉

09/25/2026

When we say statewide, we mean it! Our organizers may spend quite some time in their cars but it means Exodus Lending and our consumer advocacy work shows up across the state.

Here is Ben, our Northern MN organizer, with Huggy Heart Bear at the Lakes and Pines Community Action picnic and Sophie, our Southern MN organizer, in St. Cloud with Minnesotans for Consumer Financial Protection Director at United Way of Central Minnesota.

08/26/2026

Click through to learn about forms of high-cost to watch out for! And high-cost forms of debt that our legislators should watch out for, too!

08/13/2026

Summer photo dump! The theme? Work hard, play hard. 😋
There’s Can Can Wonderland and our Peg it Forward cribbage tournament, sandwiched between discussions on OKR’s, tabling events, and lots and lots of planning. Thanks to our fabulous team, Board and cheerleaders for making it a summer for the books! ☀️

08/06/2026

We've been excitedly anticipating this report on subprime auto loans from the Center for Responsible Lending We've worked with Lucia and Alex on multiple occasions and were happy to support their research by connecting them with our Minnesota borrowers who have experience with this form of predatory lending. The entire report is worth digging into, but we've grabbed a couple of quotes to pique your interest. Enjoy!

https://www.responsiblelending.org/research-publication/we-woke-them-taking-our-car-borrowers-experiences-subprime-auto-lending?ct=1785418494278

08/05/2026

𝐎𝐩𝐩𝐅𝐢 𝐰𝐚𝐧𝐭𝐬 𝐭𝐨 𝐛𝐮𝐲 𝐚 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐛𝐚𝐧𝐤! Exodus Lending just submitted our public comment letter opposing Opportunity Financial’s (“OppFi”) acquisition of this national bank. OppFi is a notorious predatory lender that charges almost 200% APR on personal loans. Minnesota bans interest rates above 36%, but national banks can avoid strong interest rate caps. Allowing OppFi to become a national bank would unleash triple-digit interest rate loans in states like Minnesota, where high-cost lending is illegal.

We are calling on our congressional representatives to tell the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation that the last thing Minnesotans need are predatory, debt-trap loans!

TAKE ACTION: Tell your Member of Congress: No Triple-Digit Interest Rates in Our State! Dial your representative and urge them to write to financial regulators, demanding the denial of OppFi’s application. Call the U.S. Capitol Switchboard: (202) 224-3121

07/01/2026

Great resource, July 8th!

Need help accessing benefits for your family? Join CAPI for our Benefits Enrollment Fair!

Stop by the Brooklyn Park Small Business Center on July 8 from 10 a.m.–2 p.m. for a free public benefits screening. Our experienced navigators will help you identify and apply for benefits you may qualify for, including programs that can support your family's health, food, housing, and financial well-being.

As a bonus, everyone who completes a screening will be entered into a drawing to win one of two grand prizes!

Don't miss this opportunity to connect with resources that can make a difference. We look forward to seeing you there!

This flyer has been produced in part from a grant awarded by the National Council On Aging (NCOA). All opinions expressed herein are those of CAPI and not NCOA.

06/29/2026

US Congress is soon considering a bill that would carve out payday loan apps from rate cap legislation, preventing our ability to enforce our state rate cap.

Click here to take action and let reps know you oppose the legislation: https://bit.ly/no9330

Payday loan apps drain wages from workers’ paychecks before families can cover basic needs. Let’s stop the app trap and ensure that all payday loan apps are accurately regulated and transparent! Take Action: https://bit.ly/no9330