Dem lawmakers want 36% rate cap; foes say it would be a job-killer
On a snowy morning in
Denver yesterday, Rep. Mark Ferrandino and Sen. Chris Romer, both Denver
Democrats, announced plans to introduce legislation today that would cap payday
loan rates at 36 percent APR. If approved by the Legislature, the measure would
go to the voters later this year rather than to Gov. Bill Ritter's desk.
