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Ferrandino’s payday loan bill narrowly passes in the House

DENVER-- A payday loan regulation bill that has been the subject of intense backroom battles for weeks made its way through the Colorado House today on a 32 to 30 vote. Opponents called the bill a "job killer." Supporters said constituents have been begging them to regulate the industry. Bill sponsor Rep. Mark Ferrandino, D-Denver, says it will face a similarly tough battle in the Senate where it will be debated in the coming days.