rules-review bill

House takes drastic action to benefit payday lending industry

Type: Email Communications
Published Date: May 11, 2011
Author: Jones, Rich

Yesterday, the House of Representatives took a risky and highly unusual step to weaken 2010's payday lending reforms and raise rates on Colorado borrowers.

The House did this by amending the annual rules-review bill – procedural legislation that implements hundreds of state agency rules and regulations.

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