Payday lender pays $125,000 in restitution

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Colorado Attorney General John Suthers announced his office has reached an agreement with Payday Everyday of Colorado and that the payday lender has paid the state $125,000 in consumer restitution.

The company had failed to comply with state-ordered corrective actions since 2009.

Under the agreement, Payday Everyday of Colorado will not be able to reapply for a supervised lending license in Colorado for five years.  It had as many as 10 locations operating throughout the state since 2001, with businesses in Colorado Springs, Fort Collins, Greeley, Longmont and Pueblo.