News About the Ever-Changing Payday Advance Industry
Section
Colorado
Payday advance lending continued its rapid growth in Colorado last year, jumping 28 percent to $632 million.Regular and online payday loans first topped the $500 million mark in 2005, when they grew 34 percent. The industry was as small as…
Colorado
The Community Financial Services Association of America, the national trade association for no fax payday advance lenders, is planning to spend $10 million for an advertising campaign that it says is intended to educate people on how to…
Colorado
Young people, U.S. soldiers and others with limited financial savvy most often fall prey to the short-term lenders, said Terri Verrette, a former payday advance lender.
Colorado
A payday loan store was robbed by Tuesday at about 6 p.m. in the 500 block of E. Colfax.
Colorado
The provision imposing a 36 percent annual rate cap on military payday loans that Congress recently passes - set to begin on October 1, 2007 - was meant to control these resources.
Colorado
The number of residents borrowing money from sub-prime lenders and cash advance providers increased last year, according to data released Monday by the Colorado attorney general's office.
Colorado
At 2005 drew to a close, the business of payday loans was booming out west. Colorado lenders were seeing more customers than ever.
Colorado
Denver, CO — In 2004, the house passed a state law, HB 1394, allowing small installment loans in Colorado. The law was intended to allow select "supervised lenders" to make high interest loans that would compete with payday lenders.