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Business and Economic News

Fed study finds Native borrowers pay more interest on home purchases than white borrowers  

Fed study finds Native borrowers pay more interest on home purchases than white borrowers  

New research released by the Center for Indian Country Development at the Federal Reserve Bank of Minneapolis blames a disproportionately broad use of home-only loans on reservations for higher costs for Native American homebuyers.  
by Mathew Holding Eagle III

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Aldi to add 800 of its discount stores across U.S. as Americans feel pinch of high food prices

Aldi to add 800 of its discount stores across U.S. as Americans feel pinch of high food prices

The company did not give specific locations where it plans to open those stores or indicate how many of them might be in Minnesota. Aldi already has more than 75 locations across the state.
by The Associated Press

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Legislation would create temporary licenses for cannabis businesses in Minnesota

Legislation would create temporary licenses for cannabis businesses in Minnesota

Minnesota’s Office of Cannabis Management is proposing changes to the state’s marijuana law, including one that would allow the issuance of a set number of temporary licenses.
by Cathy Wurzer, Alanna Elder and Cari Spencer

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Taking on junk fees is popular. But can it win Biden more voters?

Taking on junk fees is popular. But can it win Biden more voters?

President Joe Biden is expected to highlight his push to cap junk fees in his State of the Union address, for a second year in a row. It's a theme he plans to take on the campaign trail.
by Deepa Shivaram

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