Payday lenders lobby Colorado legislators

Montrose, Colorado’s Daily Press published a story online today about payday lending store owners lobbying their state legislators to oppose a 45% interest rate cap.  Dan Gray of Colorado West Quick Cash in Montrose summed it up pretty well: 
“The interest rate is not workable for us to remain in business.”
We hope Colorado’s legislators will listen [...]

Unemployment Fears Expressed in Payday Advance Debate

Payday lenders, employees and customers are testifying before the Colorado legislature in an effort to keep their livelihood and consumer finance options intact in the face of special interest groups that want to destroy the payday advance industry.  Some of the key points brought out in this Rocky Mountain News item include: 

          “Employees expressed concern [...]