Fact check: Does Colorado legislation enable payday loan providers to charge over 200% interest on tiny loans?
Fact check: Does Colorado legislation enable payday loan providers to charge over 200% interest on tiny loans? A Colorado team campaigning to restrict costs for whatever they call pay day loans claims that „current legislation permits payday loan providers to charge a lot more than 200% interest for little loans directed at clients that are usually in serious straits. “ 1 The claim is in help of Proposition 111, a Colorado ballot measure to cap yearly finance fees at 36…