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Preliminary Injunction in CO DIDMCA Case Granted

Yesterday the Colorado District Court granted the motion for a preliminary injunction in regard to the Colorado law that revived Colorado’s explicit rejection of federal usury preemption under the Depository Institutions Deregulation and Monetary Control Act of 1980 (“DIDMCA”)). 2023 Colo. Legis. Serv. Ch. 375 (H.B. 23-1229). The law was to take effect July 1, 2024, and apply to consumer credit transactions made or renewed on or after July 1, 2024… Read More