Storefront Lenders Block Rate Caps in House Committee

Storefront lenders scored a win Tuesday in Santa Fe when the House Business and Employment Committee unanimously voted to block an effort to ask New Mexicans to vote on whether to cap interest rates on installment loans this November.

Editor’s note

While it might not seem like it from reading headlines day-in, day-out, the heart of journalism beats with hope. It is with that hope that NMID offers this series in a spirit of both humility and gratitude.