The Availability of Safe and Affordable Credit From Non- Depositories in Colorado

In the 2021 legislative session, the Colorado General Assembly appropriated funds to the Colorado Department of Law, Consumer Protection Section, Consumer Credit Unit for use “to contract with a vendor to study, collect, and report data to the general assembly related to the availability of safe and affordable credit, such as the use, total costs, and overall consumer impacts of non-depository lending products available under existing Colorado laws.” The Department of Law selected the Financial Health Network (FHN) to conduct the requested study. This report sets forth FHN findings from the study it has conducted.