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Payday lenders not to blame (access required)

by Staff Writer

Published: February 26,2010

Time posted: 9:46 am

Tags: General Assembly, pay day loans, Rep. Mark Ferrandino, Sen. Chris Romer

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Yesterday, the state legislature began hearings about a bill intended to limit the amount of interest charged by so-called “payday lenders.” The bill, sponsored by Sen. Chris Romer (D-Denver) and Rep. Mark Ferrandino (D-Denver) would establish a maximum annual percentage rate of 36 percent on such loans. On the face of it, the interest rates charged by ...





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