payday

We at the Bell have been working for several years to reform payday lending in Colorado. We can talk about the problem in terms of interest rates and fees, the average number of loans or the prevalence of same-day-as-payoff loans. Yes, we know the numbers and all the statistics.

But we never forget the real reason we are trying to change this law: These loans are predatory products, and they hurt people. And it's not just the borrowers who get hurt -- the rest of us pay a price and our economy suffers when people are deprived of the opportunity to succeed.

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.

Posted and promoted by ColoradoPols on Oct. 7, 2009

Posted on ColoadoPols, Oct. 21, 2009

(400% interest from poor people buys a lot of Broadmoor--see you next session, payday lending spammers! - promoted by Colorado Pols)

Nobody likes getting their nose rubbed in something foul, but that's how we feel about the latest from the payday lending industry.

Payday executives and lobbyists from across the country are meeting this week in Colorado Springs. At The Broadmoor, no less.

Sponsors of House Bill 1310, a bill that in its original form would have protected Coloradans from predatory lending, said today they will kill the legislation.

This report analyzes data from the Colorado attorney general and explains how payday lending harms working families. The report explores other options and shows that other states and the Department of Defense have applied restrictions to make the loans more fair.

New report examines Colorado's fiscal prospects after Referendum C; Two recent studies examine fiscal, economic effects of immigration; Message from summit: It's everyone's business to cut state's dropout rate; Individual health mandates could work; Experts find holes in Federal Reserve report on payday lending; Guaranteed retirement accounts offer rescue plan for failing system; Two Bell staffers move on to new opportunities

Education policy leaders set positive course for fifth-year high school programs; Gov. Ritter to host two-day dropout prevention summit; College tuition and fees nationwide rise 6.6 percent this year; ???Healthy Colorado??? web site highlights the ???cost of doing nothing???; Women???s economic mobility about equal to men???s; Payday lenders have left North Carolina, and borrowers don???t miss them; Predatory Lending Association launches spoof web site

New education commissioner aims for alignment; Colorado Department of Education launches Forward Thinking report; Federal investments in kids projected to drop in the future; P-20 Council tackles education issues, but leaves adult ed discussion until 2008; Expanding health insurance helps, but won???t solve health disparities; Strategies multiply to help low-income families develop assets; Colorado Springs non-profit offers alternative to payday loans

New report shows what it takes to move Colorado to the middle of the pack; Conversation 2007 seeks input on P-20; Reports for 208 panel detail health spending and uninsured; CBO: Financing health care spending with income tax will be costly; Payday lending in Colorado nearly triples since 2000; More states expand Earned Income Tax Credit; Poll: Income gap is too large; Jones named to state Pay Equity Commission; Political Journal: Civic engagement a full-time job in 2007