Colorado

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...

Colorado voters have overwhelmingly opted for tighter regulations on payday lending, easily approving a proposal to cap interest rates on the short-term loans. Colorado is now the 16th state, plus the District of Columbia, to limit loan rates. “APRs of 200% are gone. Huge win for Colorado consumers!” tweeted Danny Katz, the director of the Colorado Public Interest Research Group...

Campaign led by representatives of highly impacted communities garnered support from over 50 veterans’ groups, faith groups, lawmakers of both political parties, and both urban and rural communities OAKLAND, C.A.– Coloradans have come together to stop predatory payday lending by passing a 36% cap on annual interest rates for payday loans. Today’s results make Colorado the fifth state to affirm...