by MADELEINE BARAN,
Minnesota Public Radio
The report by the group Minnesotans for a Fair Economy claims the fees are the same or worse than charges imposed by traditional payday lenders. Minnesotans for a Fair Economy, which includes community, faith and labor groups, has asked Wells Fargo and US Bank to stop offering the loans.
"This product is a debt trap. That's it. It's designed for profit and we see the pain that it offers," said Darryl Dahlheimer, program director at Lutheran Social Service Financial Counseling, who supports the group's efforts to persuade the banks to stop offering the loans.