Social justice groups support the measure to cap interest and costs at 36 %.

Social justice groups support the measure to cap interest and costs at 36 %.

Social justice groups offer the measure to cap interest and costs at 36 %. Some loan providers say they would be forced by it to shut.

It absolutely was a cool October early early morning and also the Rev. Timothy Tyler ended up being preaching from a large part on Denver’s Street that is 16th Mall. “It is time for folks of conscience to participate together to complete the right thing, to start the entire process of lifting up people who cannot lift up themselves!” stated the pastor from Shorter Community AME Church, his booming voice echoing straight down downtown Denver s busiest concrete corridor.

About 20 individuals were crowded around him some dressed for worship, some putting on toothy “loan shark” headdresses nodding in contract and chanting “Vote yes on Proposition 111! The statewide measure on this November’s ballot seeks to restrict the sum total interest and fees charged by payday loan providers to 36 per cent. (mehr …)