Lawmakers tackle payday lending

March 14, 2021 moneykey loans payday loans near me

Lawmakers tackle payday lending For the previous years efforts have already been made during the State Legislature to cap rates of interest imposed by New Mexico’s industry that is small-loan alternatively called storefront lenders or payday lenders. Lenders make loans of $2,500 or less, with frequently acutely high interest levels and brief pay-back durations. And