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Colorado lawmakers face a familiar question as they consider new financial regs: Is a paycheck advance a loan?
The measure would cap fees at $5 or $7, require a free payment option and bar tips as lawmakers debate whether the advances are loans.
Summary by Denver Post
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2 Articles
Denver PostReposted by 
Greeley Tribune
Greeley TribuneColorado lawmakers face a familiar question as they consider new financial regs: Is a paycheck advance a loan?
Colorado Democratic lawmakers are sparring over earned-wage access products, a burgeoning financial technology industry that's trying to write its own regulations amid national and legal scrutiny.
·Denver, United States
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Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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