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Payday Loan Cap Revisited

A piggy bank stands on a surface, with coins scattered across the surface.

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…

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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…

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