For Immediate Release:
SAINT PAUL, MN – According to the Corporation for Enterprise Development (CFED), a national organization focused on helping low- and moderate-income households build assets, nearly 28% of Minnesotans don’t have enough savings to weather an emergency and nearly 17% don’t have full access to financial institutions, forcing many to turn to payday lenders charging high rates, in some cases 273% APR. That is why the Minnesota Departments of Commerce and Revenue have partnered with AccountAbility Minnesota (AAM) to share real life success stories on tax day, April 15, of the 1,000 Minnesotans that saved $1.6 million in refunds.
Commissioner Mike Rothman, Minnesota Department of Commerce
Commissioner Myron Frans, Minnesota Department of Revenue
Tracy Fischman, Executive Director – AccountAbility Minnesota
Assistant Commissioner Terri Steenblock, Minnesota Department of Revenue
Visit to a free tax site and media availability to talk about tax time as a money moment. AAM has helped their clients save $1.6 million this tax season to help prevent the use of predatory financial products.
Tuesday, April 15, 2014
10:00 AM – 11:00 AM
AccountAbility Minnesota’s Saint Paul Location
2610 University Ave W, Suite 450
Saint Paul, MN 55114