Attorney General John Suthers is not writing the new rules that will govern the payday loan industry in Colorado. That’s why he is playing down the $10,000 in campaign donations he has received from the industry, saying the cash won’t influence the final contours of the new state regulations. The person writing the rules, Laura Udis, has worked in the attorney general’s department of consumer protection for more than two decades. She told the Colorado Independent that Suthers has so far not been involved in her work on the path-breaking payday legislation that was passed in the spring and that she expects Suthers to remain uninvolved.“I wrote the interpretation of the legislation and the revised interpretation and the proposed rules,” Udis said, “none of which have been submitted to the attorney general or anyone else. I don’t expect [Suthers] to be personally involved in the process. It’s so complex.”
Yet the money Suthers has received from the industry just as Udis is writing the rules for his office is hanging over the process and is drawing increased scrutiny to the rules. – More –
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