DENVER—As the buyer Financial Protection Bureau prepares to determine national guidelines regarding payday lending, the prosperity of Colorado’s payday financing legislation might provide some sort of model for federal action on matter. Nevertheless the credit union community is cautioning that the better look is essential, and that basing nationwide standards on the Colorado statute may well not re re solve the difficulty.
Colorado’s payday financing legislation came to be away from compromise. Continue reading “CUs Skeptical About Growing Colorado’s Cash Advance Law Nationwide”