lending

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.

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

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

The legislature should review Colorado's current laws that regulate the payday lending industry and limit predatory mortgage lending with the goal of strengthening both statutes. We should adopt stricter standards for payday lenders, including capping finance charges, prohibiting borrowing from one payday lender to pay off another, and eliminating special protections for payday lenders. Colorado also should adopt provisions to protect families that buy or refinance their homes.

The Legislature should review Colorado???s current laws that regulate the payday lending industry and limit predatory mortgage lending. We should adopt stricter standards for payday lenders, including capping finance charges, prohibiting borrowing from one payday lender to pay off another, and eliminating special protections for payday lenders. Colorado also should adopt provisions to protect families that buy or refinance their homes.