Colorado Isn’t Any Model for a Nationwide Payday Rule

Colorado Isn't Any Model for a Nationwide Payday Rule Some observers are pointing to changes that Colorado enacted in 2010 as a model as the Consumer Financial Protection Bureau considers rules to protect consumers who take out payday loans. Colorado's cap on cash advance rates of interest limited by 45% per 12 months has certainly paid down charges for borrowers. However with origination and month-to-month costs included, yearly portion prices will always be in the triple digits. Loan provider...
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