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Colorado loan restrictions paused

Colorado Short-Term Loan Restrictions Halted by Judge

A U.S. District Judge has granted a preliminary injunction, halting Colorado’s short-term loan restrictions outlined in HB23-1229. The law aimed to regulate short-term loans, capping interest rates on out-of-state bank loans. Financial trade organizations argue the caps violate federal law. With the injunction, provisions limiting alternative charge loans from out-of-state banks are blocked, and interest

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