10/26/2010 05:12 am ET Updated May 25, 2011

John Suthers's Proposed Payday Loan Rule 'Absurd,' Says Ritter's Attorney

Proposed new rules for payday lending companies are being attacked by the industry as well as people who want to see stricter regulations.

Gov. Bill Ritter's chief legal counsel, Craig Welling, called one of the rules "absurd," but payday lending companies say other parts go beyond a new law calling for them in the first place.

Read more on Grand Junction Daily Sentinel