/tags/payday-lending payday lending en-US Copyright Fri, 29 Jan 2021 04:10:59 GMT /kunm-news-update/2021-01-28/storefront-lending-caps-up-for-debate-at-roundhouse Small, fast loans often lead to a cycle of ever-deepening debt, according to the Consumer Financial Protection Bureau. Lawmakers in New Mexico are… Fri, 29 Jan 2021 04:10:59 GMT /kunm-news-update/2021-01-28/storefront-lending-caps-up-for-debate-at-roundhouse Khalil Ekulona /public-health-new-mexico/2016-02-18/state-to-study-storefront-loan-alternatives Lawmakers voted Wednesday to study a plan that would make small dollar loans available to state employees. At 26 percent interest, the loans would offer… Fri, 19 Feb 2016 01:03:04 GMT /public-health-new-mexico/2016-02-18/state-to-study-storefront-loan-alternatives Ed Williams /public-health-new-mexico/2015-06-08/heinrich-and-udall-urge-storefront-lending-reform Senators Martin Heinrich and Tom Udall joined 28 other Democratic senators and two independents in sending a letter Friday to the director of the Consumer… Tue, 09 Jun 2015 01:03:40 GMT /public-health-new-mexico/2015-06-08/heinrich-and-udall-urge-storefront-lending-reform Ed Williams /public-health-new-mexico/2015-03-04/problems-linger-for-borrowers-of-fast-cash 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… Thu, 05 Mar 2015 03:52:59 GMT /public-health-new-mexico/2015-03-04/problems-linger-for-borrowers-of-fast-cash Ed Williams /local-news/2015-02-16/payday-lending-industry-gives-big Storefront lending companies and affiliated associations gave nearly $140,000 to New Mexico public officials and political action committees in 2013 and… Mon, 16 Feb 2015 21:27:38 GMT /local-news/2015-02-16/payday-lending-industry-gives-big