First shots fired in Colorado cash advance war

First shots fired in Colorado cash advance war

DENVER– Maybe no problem will underline the divide separating state Democrats and Republicans this legislative session along with the war to rein into the payday loan industry. That war saw its first genuine skirmishes Monday in the capitol whenever approximately 150 payday-loan business people and workers rallied beyond your building prior to a hearing for a bill that seeks to cap payday interest levels and restrict the infamous period of individual payday-loan debt the industry is dependent upon to come up with millions in earnings.

Rallying when it comes to right to payday loan (Boven)

Payday supporters, including some continuing state lawmakers, railed resistant to the proposed legislation as an infringement on individual freedom and also as job-killing federal federal federal government intervention. Continue reading “First shots fired in Colorado cash advance war”