Measure raising loan rates vetoed

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Measure raising loan rates vetoed

Backers say without added interest, loans to the poor will disappear
Gov. John Hickenlooper’s veto on Thursday of a bill that would have raised interest rates from 21 percent to 36 percent for loans between $1,000 and $3,000 and from 15 percent to 21 percent for loans between $3,000 and $5,000 was cheered by consumer advocates and left-leaning groups who said the bill would have hurt the poor.
Hickenlooper

Measure raising loan rates vetoed

Gov. John Hickenlooper’s veto on Thursday of a bill that would have raised interest rates from 21 percent to 36 percent for loans between $1,000 and $3,000 and from 15 percent to 21 percent for loans between $3,000 and $5,000 was cheered by consumer advocates and left-leaning groups who said the bill would have hurt the poor.
Hickenlooper
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