Payday lenders lobby Colorado legislators
March 6, 2008 | Colorado, Montrose Daily Press, media coverage, states | Comments (0)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 to their consituents, and not activists, and keep payday lending in Colorado.
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