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Colorado's regulatory framework is described in more detail in the discussion of payday installment lending below.
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The following are examples of funds transfers that are for the purpose of collecting any amount due in connection with a covered loan.
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The CSFP also asked for an extra six weeks to comment on the proposal.
During the SBREFA process and the Bureau's general outreach following the Bureau's release of the Small Business Review Panel Outline, many lenders and other industry stakeholders argued that the alternative requirements for covered short-term loans presented in the Small Business Review Panel Outline would not provide sufficient flexibility.
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We have turned them into the State's Attorney's office, Chris Koster and asked the county to look into their business practices to see if they are considered deceptive, or if they have committed any criminal actions.