Without a doubt about First shots fired in Colorado cash advance war

Without a doubt about First shots fired in Colorado cash advance war

DENVER– possibly no problem will underline the divide separating state Democrats and Republicans this legislative session plus the war to rein into the payday loan industry. That war saw its first proper skirmishes Monday during 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 financial obligation the industry is dependent upon to come up with millions in earnings.

Rallying for the right to pay day loan (Boven)

Payday supporters, including some state lawmakers, railed contrary to the proposed legislation as an infringement on individual freedom so when job-killing federal federal federal government intervention. Read more