In an attempt to protect borrowers, ballot effort to cap “payday loans” clears legal hurdle

In an attempt to protect borrowers, ballot effort to cap “payday loans” clears legal hurdle

Demetrius Johnson had no cost cost savings, no work and nowhere else to go.

Therefore he visited a cash that is speedy southeast Denver to have that loan. The storefront had been adorned with neon signs guaranteeing cash that is fast which Johnson stated was as inviting once the Las vegas, nevada Strip. And like in las vegas, he stated, the homely home often wins; within ten minutes, he left the financial institution with $500 at hand, that he claims he had a need to help pay lease, auto insurance and youngster care. Continue reading “In an attempt to protect borrowers, ballot effort to cap “payday loans” clears legal hurdle”