For the past several years efforts have been made at the State Legislature to cap interest rates imposed by New Mexico’s small-loan industry, alternately called storefront lenders or payday lenders. The lenders make loans of $2,500 or less, with often extremely high interest rates and short pay-back periods. And typically their customers are low-income New Mexicans who need quick cash to help pay bills. The issue is back in 2017, and two proposals to cap such interest rates are expected to be heard today in a House committee. The big difference between the two bills is the amount of interest lenders could charge.