Colorado is admired for a lot of things: an excellent, active populace; sunny, blue skies; our hills; skiing; trout filled waters; and don’t forget craft beers.
Now there’s a new anyone to increase the list: our reforms of payday financing. It took 3 years when trying, however in 2010, lawmakers, policy advisers and advocacy teams developed ways to make these interest that is high a better item.
To date, our approach happens to be unique to Colorado. But recently, the Pew Charitable Trusts circulated a written report saying Colorado’s reforms will work and might provide a starting place for|point that is starting} other states as well as the federal customer Financial Protection Bureau which will make payday loans less harmful for more consumers.