FAIR LENDING FOR A THRIVING COLORADO
The Interfaith Alliance of Colorado is a steering member of Fair Lending for a Thriving Colorado (FLTC). The coalition, led by the Bell Policy Center, aims to build upon the strengths of existing state legislation that protects Coloradans from predatory lending practices, and identify laws and policies that could be further strengthened to ensure that vulnerable community members are not taken advantage of by unjust practices.
Predatory lending-credit practices that exploit low-income and, disproportionately, minority communities-include:
● Payday lending
● Consumer installment lending
● Postsecondary education and training
● Debt buying and collecting
● Title loans
● Paid tax preparer regulation
● Reverse mortgages/purchasing of life insurance
If you or someone you know has been a victim of predatory lending, your stories can help defend others. We will help tell these stories to pass stronger protections for all Coloradans. Please contact us.
Congregation Based Lending
The faith community is a powerful source of freedom and opportunity. We can assist your congregation to support victims pay off predatory loan debt or gain access to low-interest loans. Contact us for more info.