Colo.'s Opt-Out Interest Rate Law Halted In Trade Group Suit

By Thy Vo

A Colorado federal judge has temporarily barred the state from imposing more restrictive interest rate caps on consumer loans made by banks located outside of Colorado, siding with a coalition of lending groups seeking to invalidate a 2023 law aimed at reining in high-cost online loans.

 Order attached | Read full article » | Save to favorites »