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a consensus among Coloradans that payday financing had been harming Colorado families prompted the legislature to pass through and also the governor to signal https://cash-central.com/payday-loans-ia/mount-vernon/ a reform measure. The 2010 legislation paid off charges on these still-expensive loans and needed lenders to provide clients half a year to settle them. Unfortuitously, brand new data reveal that seven years later on, Colorado families continue steadily to get ensnared within an abusive period of unaffordable financial obligation — and therefore this burden falls disproportionately on communities of color. Read more