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Colorado Settles With Firm That Tried to Collect Native Loans at 500% Interest Rates - Vimarsana News

Colorado Settles With Firm That Tried to Collect Native Loans at 500% Interest Rates

A settlement between the state of Colorado and Kansas-based debt collector TrueAccord will refund $500,000 to borrowers who defaulted on loans issued by tribal lending entities. According to the settlement, investigators found that, from 2017 to 2022, TrueAccord collected or attempted to collect on roughly 29,000 consumers who defaulted on loans issued by the tribal lenders. Most loans had interest rates over 500% APR, and some approached 900% APR—far greater than the 12% cap for unlicensed loans under Colorado law, according to a statement from the state’s attorney general.

Source: yahoo.com
Colorado attorney general sues to block Kroger-Albertsons merger - Vimarsana News

Colorado attorney general sues to block Kroger-Albertsons merger

Colorado Attorney General Phil Weiser said Wednesday that he is filing a lawsuit seeking to block the $24.6 billion merger of Kroger and Albertsons, the…

Source: biztoc.com
Kroger-Albertsons merger challenged by Colorado attorney general - Vimarsana News

Kroger-Albertsons merger challenged by Colorado attorney general

Colorado Attorney General Phil Weiser said Wednesday that he is filing a lawsuit seeking to block the $24.6 billion merger of Kroger and Albertsons, the state's largest grocery store chains.

Colorado Attorney General files lawsuit to stop Kroger-Albertsons merger - Vimarsana News

Colorado Attorney General files lawsuit to stop Kroger-Albertsons merger

The potential $24.6 billion merger between the companies that own King Soopers and Safeway faces a legal challenge from the Colorado attorney general. AG Phil Weiser said in a press conference on Wedn...

Colorado attorney general sues to block Kroger-Albertsons merger - Vimarsana News

Colorado attorney general sues to block Kroger-Albertsons merger

Colorado Attorney General Phil Weiser said Wednesday that he is filing a lawsuit seeking to block the $24.6 billion merger of Kroger and Albertsons, the state’s largest grocery store chains, because he believes it would eliminate...