24Nov, 2020
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Colorado Is Not Any Model for the Nationwide Payday Rule
Colorado Is Not Any Model for the 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 interest levels restricted to 45% per has indeed reduced costs for borrowers year. However with origination and month-to-month charges included, yearly portion prices will always be within the triple digits. Loan providers also provide no requirement, and incentive that is little to evaluate borrowers’ capacity […]
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