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While Feds Loosen Cash Advance Regulations, Colorado Voters Clamp Down

While Feds Loosen Cash Advance Regulations, Colorado Voters Clamp Down

In per year if the Trump management is dialing back once again financial regulations, Colorado becomes the sixteenth state to restrict the notoriously high interest levels on pay day loans.

Colorado voters have actually overwhelmingly decided on tighter laws on payday financing, effortlessly approving a proposition to cap rates of interest regarding the loans that are short-term.

Colorado is currently the state that is 16th in addition to the District of Columbia, to restrict loan rates.