An important ruling from the District of Colorado preliminarily enjoins enforcement of a Colorado law that caps the interest rates that state-chartered banks may charge to Colorado consumers for certain credit products. The ruling, one on an issue of first impression, prevents Colorado from enforcing the law against state-chartered banks that are located and perform key loan making functions outside of Colorado even if they lend to Colorado consumers. It will have significant implications for states attempting to export their interest rate caps to banks located outside of their borders.