Colorado Groups Join Nationwide Payday Lending Protest
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DENVER – It Is toxic. This is the message customer watchdog teams are delivering with this „National day’s Action Against Payday Lenders.”
After state legislation passed this year, payday-lending companies have experienced fairly tougher laws and regulations to follow in Colorado compared to neighboring states. There is now a 45 % limit on interest levels, and borrowers must certanly be offered at the least 6 months to settle their loans.
An organizer with the Colorado Progressive Coalition, says the steps haven’t stopped people from getting loans they can’t afford despite the revised laws, Caroline Casteel. […]
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