Tag Archive | "Payday Lenders"

HB10-1351: Interest Rates on Payday Loans Capped in House Bill

House Bill 1351 passed the House by the barest of margins, 33-31.

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HB10-1351: Payday Loan Bill Headed Back to Committee

After sitting in limbo for weeks while supporters tried to round up enough votes to pass it in the House, a bill to limit fees on payday loans is now going back to committee for an overhaul.

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Proposed Ballot Measures Target Payday Lenders

Coloradans upset with high interest rates charged by payday lenders want voters in November to cap the amount the businesses can charge on loans.

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HB10-1351: Activists Storm Payday Lending Store

Progressive activists and church leaders stormed into a payday lending store on Broadway Wednesday and demanded that the lender stop charging interest as high as 521 percent.

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HB10-1351: Bill Slashing Payday-Loan Interest Clears Panel

A House committee Monday night approved a bill that would significantly slash interest rates on payday loans, cutting out part of the bill that would have put the issue before Colorado.

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Targeting Payday Lending

Rep. Mark Ferrandino and Sen. Chris Romer, both Denver Democrats, announced plans to introduce legislation today that would cap payday loan rates at 36 percent APR. If approved by the Legislature, the measure would go to the voters later this year rather than to Gov. Bill Ritter’s desk.

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