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(And stop spamming us, Payday Lenders   – promoted by Colorado Pols) House Bill 1351 — the payday lending reform bill — passed its first vote in the full House. The bill has been amended since its introduction, but we think the revised legislation retains important protections for hard-working Coloradans who turn to these high-interest […]

(And stop spamming us! – promoted by Colorado Pols) The following letter came to us because we are part of a coalition that is trying to make payday lending less harmful for Coloradans. After an initial email, the writer decided to share her story in greater detail. We think it paints a revealing picture of […]

(And stop spamming us – promoted by Colorado Pols) A new report from the Colorado Attorney General released Tuesday shows that payday loans are expensive products that trap borrowers in debt. Almost two-thirds of all loans are taken out to refinance a previous loan.  While borrowers may intend to use loans to cover an emergency, […]

(Really, really shouldn’t have spammed us, folks – promoted by Colorado Pols) Last week, Pols took note of an editorial in the Daily Camera that came out against legislation aimed at reforming payday lending in Colorado. The bill asks lawmakers to allow voters to decide if payday lenders should be allowed to operate far above […]

(Truly regrettable metaphor. And remember, payday lending references always help you get promoted. – promoted by Colorado Pols) More and more Colorado lawmakers are getting a handle on the harmful impact of payday lending. You borrow money in an emergency. And then you can get in trouble. That simple explanation parallels the experience of many […]

(Ink by the barrel, payday loan spammers – promoted by Colorado Pols) Today, the Colorado Attorney General’s office released its annual report of state payday lending activities.  The report, which provides data for 2008, shows that although the overall number of payday loans and total amount borrowed decreased from 2007 to 2008, payday lenders are […]

(400% interest from poor people buys a lot of Broadmoor–see you next session, payday lending spammers! – promoted by Colorado Pols) Nobody likes getting their nose rubbed in something foul, but that’s how we feel about the latest from the payday lending industry. Payday executives and lobbyists from across the country are meeting this week […]

(That’s right, payday lenders who spam us at Colorado Pols – we’re comin’ for your ass! Anybody else got an anti-payday lender diary they’d like to write? We’ll promote that diary lickety-split. – promoted by Colorado Pols) On this site and elsewhere, we have  documented the extreme harm caused by payday loans in Colorado. These […]

(Our pleasure, Bell Policy Center–spammers, let’s dance. – promoted by Colorado Pols) Thank you, ColoradoPols, for focusing your spotlight on payday lending. We at the Bell Policy Center believe that meaningful payday lending reform in Colorado is long overdue. Payday loans trap thousands of Coloradans in a cycle of debt that is difficult to escape. […]