attorney general

Letter to the editor, The Denver Post, published in the March 23 edition

Re: "Leave state's juvenile justice system intact," March 14 guest commentary.

The research does not support Attorney General John Suthers' assertions on proposed reforms to Colorado's juvenile justice system (House Bill 1271).

A recent report by the Colorado Attorney General's Office on payday lending provides strong evidence that reforms enacted by the legislature in 2010 are working. Data for the last five months of the year – the period the reforms were in effect – suggest borrowers are paying much lower effective interest rates and are largely avoiding the cycle of debt that trapped many of them under the previous rules.

The effort to undo payday lending reforms failed yesterday, and that means Colorado consumers are better off today.

It's a victory for hard-working Coloradans, and you helped.

A key moment in yesterday's tense back-and-forth was when the Senate held firm on its rules bill. That's when you spoke up, and we thank you for adding your voice to the chorus.

We recently found out the payday lending industry is working with several legislators on a bill to undo the progress we've made improving what were the most dangerous loan products on the market.

Posted on ColoradoPols on Nov. 5, 2009

(Ink by the barrel, payday loan spammers – promoted by Colorado Pols)

Today, the Colorado Attorney General's office released its annual report of state payday lending activities. The report, which provides data for 2008, shows that although the overall number of payday loans and total amount borrowed decreased from 2007 to 2008, payday lenders are still profiting at the expense of Colorado consumers.