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Payday lenders not to blame

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… Continue Reading Payday lenders not to blame