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Proposal To Raise Payday Loan Cap Concerns Consumer Advocates

After the bill had been passed by the House, Senate Republicans amended the bill to include a previously dead bill that changes payday lending laws in the state.

May 13, 2011 at 9:58 p.m. ( | suggest removal )

Proposal To Raise Payday Loan Cap Concerns Consumer Advocates

One amendment to the Colorado legislature's last bill of the season is causing a significant amount of disappointment. The day-to-day operations of the state of Colorado could be at risk if a controversial payday lending bill isn't settled. There is a possibility of a special session in Colorado. If the payday advance issue isn't resolved within hrs, the special session could cost the legislature thousands. <a title="Colorado legislature at a standstill" href="http://personalmoneystore.com/moneyblog/2011/05/11/payday-loan-amendment-colorado/">Payday loan amendment threatens to gridlock Colorado legislature</a>. If the House and Senate in Colorado cannot come to an agreement on Colorado Senate Bill 78, the legislature may well face a special session. A special session of the legislature could cost taxpayers several thousand dollars per day.

May 13, 2011 at 9:57 p.m. ( | suggest removal )