Coloradans for Payday Lending Reform


	Legislation Colorado is one of many states trying to reform payday lending to keep people from getting trapped in a cycle of debt. Legislators in 10 other states are considering more than 40 measures this year, and 15 states and the District of Columbia have already have taken steps to protect consumers. Nationwide, Congress passed a law that prevents payday lenders from providing loans at rates higher than 36 percent APR to members of the military and their families. Last fall, voters in Ohio and Arizona upheld payday lending reform by large margins. The victories came despite confusing ballot language and even though the payday industry spent millions of dollars to fight each measure. »Download a list of states and legislation proposed in 2009	More information »Colorado's Deferred Deposit Loan Act, which opened the door in Colorado »List of states, legislation for 2008 »Federal Deposit Insurance Corporation guidlines on payday lending You can help reform payday lending! If you have used a payday loan and been caught in a cycle of debt, tell us your story. Contact Us 303.297.0456 info@COPaydayReform.com