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High interest, small dollar loans are abundant in New Mexico. Businesses offer quick cash payments for people who need money right away. But the interest…
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KUNM Call In Show 3/5 8a: Critics say short term loans trap New Mexicans in a cycle of poverty. Often borrowers end up paying more than the amount of the…
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Five of the six senators who opposed legislation to cap what lenders can charge borrowers on certain types of loans took thousands of dollars in campaign…
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Despite the vocal support of a group of religious leaders, a legislative panel decided on a party-line vote Wednesday to set aside two proposals (HB 24…
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The average person who takes out a short-term loan borrows about $650 and pays about 340 percent interest. But rates on payday, title and installment…