Tag Archives: high interest rates

The Line: Municipalities Offer Loan Programs as Alternative to Payday Loans

1304 Line Public Lending

July 26, 2019 – Predatory lending practices have been a problem in New Mexico for years, in part because of our high poverty rate. Now, some local governments are offering an alternative to payday loans. Host Gene Grant and the Line opinion panelists discuss these programs, and whether or not they are a viable solution to helping employees avoid long-term debt.

Line Panelists:
Diane Denish, Former Lt. Governor
Dave Mulryan, Everybody Votes Founder
Ed Perea, Lawyer and Public Safety Expert
Diane Snyder, Former State Senator

For Further Reading:

Bernalillo County Now Offering Loans to Employees, KOB-TV

Mayor’s Employee Loan Program Approved, Santa Fe New Mexican