In the final hours of the legislative session last week, something bad happened.
Lobbyists for the subprime lending industry sneaked in a last-minute bill to allow huge interest rate increases on certain personal loans. The Colorado Attorney General’s office estimates that this legislation could mean increases of almost 40% to the total cost of a personal loan.
Send a message to Gov. Hickenlooper right now requesting a VETO of House Bill 15-1390.
There was no opportunity to properly debate this legislation–and that was by design. This bill to allow lenders to hike interest rates on personal loans was passed by both chambers in less than a week with almost no debate. Some lawmakers have already expressed regret over their rushed vote for this legislation. Passing bills that could cost thousands of Coloradans millions of dollars at the last minute with no debate is just plain wrong.
Thanks for your timely assistance stopping this bad anti-consumer legislation. This time, the money saved could be your own.
You must be logged in to post a comment.
BY: Gilpin Guy
IN: Weekend Open Thread
BY: Genghis
IN: At Least She’s Not Your Puppy Murdering Governor
BY: Genghis
IN: Educating All Kids Is Still The Right Thing To Do
BY: kwtree
IN: A Few More Words On Rep. Richard Holtorf’s Tragic Inability To Stop Talking
BY: ParkHill
IN: A Few More Words On Rep. Richard Holtorf’s Tragic Inability To Stop Talking
BY: JohnInDenver
IN: At Least She’s Not Your Puppy Murdering Governor
BY: JohnInDenver
IN: A Few More Words On Rep. Richard Holtorf’s Tragic Inability To Stop Talking
BY: Duke Cox
IN: A Few More Words On Rep. Richard Holtorf’s Tragic Inability To Stop Talking
BY: Colorado Pols
IN: A Few More Words On Rep. Richard Holtorf’s Tragic Inability To Stop Talking
BY: Lauren Boebert is a Worthless POS
IN: At Least She’s Not Your Puppy Murdering Governor
Subscribe to our monthly newsletter to stay in the loop with regular updates!
Comments