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10th Circuit grants rare all-judges’ review of Colorado banking regulation
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The Denver-based federal appeals court announced on April 2 that it will hold a rare all-judges review of a recent decision that permits Colorado to require out-of-state banks to abide by the state’s maximum interest rates when they lend to in-state residents. Even more unusually, it is the second full-court hearing the U.S. Court of…
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Federal judge blocks Colorado’s new cap on interest rates for out-of-state banks
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A federal judge on Tuesday concluded Colorado may not subject out-of-state banks to Colorado’s interest rate caps when they lend to Colorado residents, as envisioned under a new consumer protection law set to take effect on July 1. U.S. District Court Judge Daniel D. Domenico issued a preliminary injunction applying to members of three banking…
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Federal judge weighs whether to block new law governing loans to Colorado residents
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A federal judge on Thursday heard arguments from the banking industry and bank regulators about whether Colorado is exceeding its authority by subjecting out-of-state banks to Colorado’s interest rate caps on loans through a new law set to take effect on July 1. The controversy has implications for Coloradans’ access to financial products with high…