Colorado

Harms of Opp-Fi Bank’s High-Cost Loans Recently Were Highlighted in CRL Report Washington, DC – Federal banking regulators must not allow predatory lenders to acquire a national bank charter and expand their ability to offer high-cost loans that cause long-term financial distress for working people struggling to manage today’s affordability challenges, said the Center for Responsible Lending (CRL). Opportunity Financial...

Providing window into problems facing families nationwide, original research about Colorado borrowers shows expensive credit is already burying people in debt, debunking argument for legalizing even costlier credit DENVER, COLO. – The Center for Responsible Lending (CRL) today released the report “ Buried in Debt: High-Cost Credit Products Harm Working Coloradans.” The report’s findings refute a misguided argument often made...

Andrew Kushner, senior policy counsel at the Center for Responsible Lending, which applauded the decision by judges on the 10th Circuit Court of Appeals, said: "I think you will see other states take an interest in this and go down the same path that Colorado has.

Andrew Kushner, senior policy counsel at the Center for Responsible Lending, which applauded the decision by judges on the 10th Circuit Court of Appeals, said: "I think you will see other states take an interest in this and go down the same path that Colorado has.

Tenth Circuit Court of Appeals Finds that Federal Law Allows States to Opt to Enforce Their Interest Rate Limits DENVER – A panel of the U.S. Circuit Court of Appeals for the Tenth Circuit today held that Colorado can protect its residents from out-of-state loans from state-chartered banks that carry interest rates above what is permitted under Colorado law. Predatory...