Lawmakers push for interest-rate cap on payday, name loans

Bright indications, a few of them neon that is flashing lure passers-by along historic Route 66 with claims of quick cash if they’re in a bind. Window dressings in strip malls, converted gasoline stations as well as other storefronts in New Mexico’s biggest city inform would-be customers they won’t need to “pay the max.” The payday and name loan industry claims that despite a reputation that is negative little loan providers provide mostly of the…