NM lawmakers renew push to cap payday rates of interest

ALBUQUERQUE – Bright indications, a lot of them neon that is flashing lure passers-by along historic Route 66 with claims of quick money if they’re in a bind. Window dressings in strip malls, converted filling stations along with other storefronts in brand new Mexico’s biggest city inform would-be customers they won’t need certainly to “pay the max. ” The payday and name loan industry claims that despite a reputation that is negative tiny loan providers…