{"id":18393,"date":"2020-10-09T10:38:39","date_gmt":"2020-10-09T17:38:39","guid":{"rendered":"https:\/\/www.newmexicopbs.org\/productions\/newmexicoinfocus\/?p=18393"},"modified":"2020-10-12T11:18:59","modified_gmt":"2020-10-12T18:18:59","slug":"payday-loan-cap-revisited","status":"publish","type":"post","link":"https:\/\/www.newmexicopbs.org\/productions\/newmexicoinfocus\/payday-loan-cap-revisited\/","title":{"rendered":"Payday Loan Cap Revisited"},"content":{"rendered":"\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Payday Loan Cap Revisited | The Line\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/HC6762d-B1A?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\"\/>\n\n\n\n<p><strong>October <\/strong><strong>9<\/strong><strong>, 2020 \u2013 <\/strong>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\u2019s current cap of 175 percent is the nation\u2019s third-highest limit on the loans, which are often used by low-income earners and can result in a crippling debt spiral.&nbsp;<\/p>\n\n\n\n<p><strong>Host:<\/strong>&nbsp;Gene Grant&nbsp;<\/p>\n\n\n\n<p><strong>Line Panelists:<\/strong>&nbsp;<br>Dan Foley, former state representative\u202f&nbsp;&nbsp;<br>Inez Russell Gomez,\u202feditorial page editor,\u202fSanta Fe New Mexican\u202f&nbsp;&nbsp;<br>Sophie Martin, attorney\u202f&nbsp;<\/p>\n\n\n\n<p><strong>For More Information:<\/strong>&nbsp;<br><a href=\"https:\/\/www.abqjournal.com\/1503548\/proposal-renews-debate-on-payday-loans.html\" target=\"_blank\" rel=\"noreferrer noopener\">Proposal Renews Debate on Payday Loans<\/a>\u202f\u2013&nbsp; <em>Albuquerque Journal<\/em>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>October 9, 2020 \u2013 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\u2019s current cap of 175 percent is the nation\u2019s third-highest&hellip;<\/p>\n","protected":false},"author":14,"featured_media":18394,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[529],"tags":[6139,736,6135,6140,6136,6134,6138,3355,6137],"class_list":["post-18393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-line","tag-car-title-loans","tag-financial-literacy","tag-high-loan-interest-rates","tag-interest-rate-cap","tag-lowering-high-risk-interest-rates","tag-payday-lending","tag-payday-loan-rate-cap","tag-payday-loans","tag-predatory-interest-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Payday Loan Cap Revisited - New Mexico In Focus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newmexicopbs.org\/productions\/newmexicoinfocus\/payday-loan-cap-revisited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payday Loan Cap Revisited - New Mexico In Focus\" \/>\n<meta property=\"og:description\" content=\"October 9, 2020 \u2013 Gene Grant and The Line panelists look at renewed efforts to lower the cap even further on interest rates for payday loans. 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