Colorado is admired for most things: a wholesome, active populace; sunny, blue skies; our hills; skiing; trout-filled waters; and donвЂ™t forget craft beers.
Now thereвЂ™s a new anyone to increase the list: our reforms of payday financing. It took 3 years when trying, however in 2010, lawmakers, policy advisers and advocacy teams developed a method to make these high-interest loans a better item.
Thus far, our approach happens to be unique to Colorado. But recently, the Pew Charitable Trusts circulated a study saying ColoradoвЂ™s reforms will work and may provide a starting place for|point that is starting} other states as well as the federal Consumer Financial Protection Bureau pay day loans less harmful to get more customers.