Highlights and News

Apr 4, 2013

Payday lenders must pay $424,000 in refunds, penalty

Colorado Attorney General John Suthers announced Tuesday that a settlement had been reached with EZPawn Colorado Inc. and EZMoney Colorado Inc. over allegations that the companies failed to comply with regulations regarding payday loans.

The two companies allegedly caused consumers to pay more in interest on their payday loans than was required.

Apr 3, 2013

Jones testifies in favor of earned income, child tax credits

Rich Jones, the Bell's director of research and policy, testified Wednesday in favor of Senate Bill 1, which would create a permanent state Earned Income Tax Credit and Child Tax Credit and make them available for low- and moderate-income families.

Colorado has had a state Earned Income Tax Credit and Child Tax Credit, but they are available only when there is a TABOR surplus. Because of that limitation, neither tax credit has been available since 2001. Under SB 1, both credits would be made permanent.

Apr 2, 2013

Banks' payday loans trap borrowers in long-term debt

The Center for Responsible Lending recently released a report showing that payday loans made by banks, like those made by other payday lenders, carry triple-digit interest rates and trap customers in cycles of long-term debt.

Mar 28, 2013

Working Families Opportunity Act good for families, kids

On the first day of this year's legislative session, Senators John Morse and John Kefalas introduced the Working Families Opportunity Act as Senate Bill 1. That first-bill status reflects the importance that lawmakers place in helping low- and moderate-income families still struggling as we emerge from the Great Recession.

Mar 28, 2013

#ThankYouCO: Highlights from the state budget!

Yesterday we shared some highlights from the state's budget for the upcoming fiscal year with our followers on Twitter. If you missed it, we've collected all the tweets together in one place here. Have a look!

Syndicate content