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Home ยป New Mexico Financial Institutions Division

Tag: New Mexico Financial Institutions Division

NMPR
Posted inNM Legislature

Compromise sought on payday loan rates

by Santa Fe New Mexican February 21, 2017

A former state senator who is helping lead the fight against high-interest payday and other small loans said Monday that a bill to cap rates at 36 percent is dead. “The governor would veto it anyway,” former Sen. Steve Fischmann, co-chairman of the New Mexico Fair Lending Coalition said, referring to House Bill 26, sponsored […]

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