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Fact check: Does Colorado law enable payday lenders to charge over 200% interest on tiny loans?

Fact check: Does Colorado law enable payday lenders to charge over 200% interest on tiny loans? A Colorado team campaigning to restrict costs for whatever they call pay day loans claims that „current legislation enables payday loan providers to charge significantly more than 200% interest for tiny loans geared towards customers who will be frequently in dire straits.” 1 The […]