That’s what this article in the Denver Post says of the Colorado payday lending legislation. The coverage fails to mention that an effective ban on payday lending would have done nothing to help consumers in Colorado. Consumers are best off when they have all the necessary information and are able to make financial decisions based on what’s […]
Colorado payday lending bill pronounced “dead”
April 22nd, 2008 · No Comments
Tags: Colorado · Denver Post · industry · media coverage · regulation · states
Colorado Public Radio practices good journalism
April 2nd, 2008 · No Comments
A job well done to KCFR Colorado Public Radio host Ryan Warner on his segment today, “Lawmakers take close look at payday loans.” Warner interviewed State Rep. Mark Ferrandino, sponsor of a bill that would force payday lenders to close in Colorado, and Ron Rockvan, a Colorado payday lender.
Mr. Warner actually took the time to […]
Tags: Colorado · NPR · industry · media coverage · positive media coverage · regulation · states
Denying choice to consumers in Colorado
April 1st, 2008 · No Comments
The Tribune newspaper of Greeley, CO carries a guest piece today on payday lending legislation by Michael Hough, director of the Commerce, Insurance and Economic Development Task Force at the American Legislative Exchange Council. Hough says:
“This misguided legislation assumes that the majority of Coloradans are unable to make appropriate financial decisions without the state intervening on their […]
Tags: Colorado · Greeley Tribune · industry · media coverage · positive media coverage · regulation · states
Must read op-ed in Denver Post
March 14th, 2008 · No Comments
Terry Kibbe of the Consumers Rights League has a guest piece today in the Denver Post that picks up on recent research by Don Morgan of the NY Federal Reserve.
Money quote: ”Morgan also questioned the validity of the research from the Center for Responsible Lending saying the Center ‘overstated the number of problem borrowers.’ He noted […]
Tags: Center for Responsible Lending · Colorado · Denver Post · Georgia · industry · industry critics · media coverage · positive media coverage · regulation · research · states
Rally gets big media coverage
March 12th, 2008 · No Comments
The rally in Denver not only drew lots of people, but lots of media coverage as well. Here’s just a few of the stories. Colorado Springs Gazette, Channel 7, and Rocky Mountain News.
Tags: Colorado · Colorado Springs Gazette · Rocky Mountain News · industry · media coverage · positive media coverage · regulation · states
Colorado payday lending employees rally for their jobs
March 12th, 2008 · No Comments
More than 600 payday lending employees and supporters rallied on the steps of the Colorado Captiol on Tuesday to voice their opposition to a bill that would cap the interest rate of payday loans at 45 percent interest. Under a 45% APR cap, the fee per $100 would be $1.73. Payday lenders would be forced to […]
Tags: Colorado · employees · industry · media coverage · regulation · states
Senator Jennifer Veiga speaks to over 600 demonstrators at the Denver state Capitol
March 11th, 2008 · No Comments
Tags: Colorado · industry · regulation · states
Individuals listen to speakers at the Denver Capitol
March 11th, 2008 · No Comments
Tags: Colorado · industry · regulation · states
Senator Kopp speaks from the podium on the steps of the Denver Capitol building
March 11th, 2008 · No Comments
Tags: Colorado · industry · regulation · states
A crowd demonstrates on the Denver Capitol steps
March 11th, 2008 · No Comments
Tags: Colorado · industry · regulation · states