Posts Tagged ‘payday loans’
Payday Loan Cap Revisited
October 9, 2020 – Gene Grant and The Line panelists look at renewed efforts to lower the cap even further on interest rates for payday loans. There is also a push to make financial literacy classes a part of a high school education requirement. New Mexico’s current cap of 175 percent is the nation’s third-highest…
Read MoreThe Line: Municipalities Offer Loan Programs as Alternative to Payday Loans
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…
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