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Earlier this year New Mexico State Treasurer Laura Montoya put several large corporations on a caution list over concerns around child labor in their supply chains. But three months later, she reversed that decision for Walmart after meetings with the company.
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They say at least one bank is steering mostly rural communities towards a practice that endangers taxpayer money and is "inconsistent with state and federal law."
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New Mexico state treasurer pauses investments in companies with alleged child labor in supply chainsState Treasurer Laura Montoya co-signed a letter with six other state treasurers and has put three companies on a state investment "Caution List"
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Republican Harry Montoya and Democrat Laura Montoya are running to replace State Treasurer Tim Eichenberg who is leaving office after serving the maximum two consecutive terms. The Treasurer manages banking and investments for the state and has a seat on the boards for each of the state’s permanent funds and state retirement funds.