Denver Post endorsement: Yes on Proposition 111 to limit cash advance providers

Denver Post endorsement: Yes on Proposition 111 to limit cash advance providers

You do not comprehend it, but Colorado’s legislation prevent predatory financing by developing the top restriction banking institutions may charge on loans at 35 % APR.

Perhaps not that we would ever recommend anybody simply merely you need to take in monetary obligation at that crushing-level of good interest, nonetheless it’s a great customer protection policy that many states have in fact really utilized. Continue reading “Denver Post endorsement: Yes on Proposition 111 to limit cash advance providers”