Colorado Tells 10th Cir. to Skip Review of ‘Rent-a-Bank’ Ruling

The full US Court of Appeals for the Tenth Circuit doesn’t need to review a panel decision upholding a Colorado law barring out-of-state banks from issuing loans that violate the state’s interest rate caps, Colorado’s attorney general said.

The panel’s 2-1 November decision doesn’t create a circuit split and is a routine reading of statute, making it unnecessary for the full circuit court to reconsider the case brought by financial technology and banking trade associations, Colorado Attorney General Phil Weiser said in a brief filed Wednesday.

The panel decision overturned a 2024 preliminary injunction blocking Colorado’s law.

The law, which ...