In 2018, 77percent of Colorado voters voted yes on Proposition 111 to cap pay day loan APRs at 36%. Unfortuitously, a proposed federal guideline would enable loan providers to bypass our defenses and fee triple-digit prices once more. That is an idea that is bad a coalition of businesses, organizations, and state legislators agree.
Started on staff: 2001B.A., University of Virginia
Danny directs the operations of CoPIRG and it is a voice that is leading Denver and over the state to boost transportation, end identity theft, enhance consumer defenses, and obtain big bucks away from our elections. Danny has spearheaded efforts to electrify ColoradoвЂ™s transport systems, and co-authored a groundbreaking report regarding the stateвЂ™s transportation, walking and needs that are biking the following 25 years. Continue reading Permitting loan providers to bypass customer defenses in Colorado is an obvious “No”. Page to your OCC regarding proposed modifications to loan provider rules