Colo. Says Lending Law Challenge Aims To Strip Federal Right

By Katryna Perera (May 15, 2024, 4:39 PM EDT) -- The state of Colorado has urged a federal judge to dismiss a suit seeking to block a new state law to rein in high-cost online lending by out-of-state banks, saying federal law "expressly permits" states to opt out of the relevant statute, so their interest rate laws will not be preempted by state-chartered banks....

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