Your NM Government Archives - Page 87 of 109 - New Mexico In Focus

Reining in Short-term Lenders

March 5, 2021

A hand holds up a crumpled $1 dollar bill.

March 5, 2021 – The state Senate signed off on a bill this past week that would cap the rate for short-term loans – often called “predatory” lending – at 36 percent. New Mexico’s current cap of 175 percent is one of the nation’s highest, despite going into place just four years ago. With almost…

Your NM Government: Roundhouse Update | 3.4.21

March 4, 2021

Close-up of ends of illuminated cables.

Thanks for joining us again for this short legislative update, coming to you straight from my garage! We’re working on our floors right now, so the usual spot in the closet was taken today. Another busy day in the Roundhouse, including another long night in the House. That will likely continue for the rest of…