Colorado Attorney General John Suthers has accepted thousands of dollars in campaign contributions for his re-election bid from numerous payday lending companies at the same time his office is considering new regulations of the industry.
Those new rules, which have not been finalized, are required under a law that went into effect Wednesday. The law is designed to clamp down on exorbitantly high interests rates that payday loan companies were allowed to charge, sometimes as high as 500 percent a year.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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