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Alternatives expected to sprout up now that Colorado payday lenders are capped
..Colorado voters, by the widest positive margin of any state ballot measure this year, agreed to cap the costs on payday loans at 36 percent a year, a rate some lenders argue is too low to stay in business but which backers argued was necessary. “This.. Read more…
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• Banks could replace payday loans following Colorado's overwhelming vote to cap interest rates
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• Advance pay service may reduce use of payday loans
• Stefanowski's company lobbied for high-interest loans while he was CEO
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