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New Mexico Political Report
New Mexico Political Report
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Ethics watchdog issues report on payday loan industry lobbying

by Santa Fe New Mexican January 21, 2022

It has become a cycle of despair for low-income residents with poor credit scores: They take out a high-interest installment loan to tide them over in tough times and soon accumulate an unmanageable load. They pay off old debt with new loans at rates of up 175 percent. For years, state lawmakers have unsuccessfully tried […]

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