News About the Ever-Changing Payday Advance Industry
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Local payday loan firms and their customers have been waiting longer than usual for their day in court lately. According to Cynthia Sanders, chief clerk of the McKinley County (N.M.) Magistrate Court, two judges have recused themselves…
It's no secret that New Mexico Governor Bill Richardson isn't a big fan of payday loans. Following months of industry criticism, Richardson and Attorney General Patricia Madrid announced regulations yesterday, all meant to curtail…
Did the payday loan industry pay for another trip for New Mexico Governor Bill Richardson that the media hasn't reported yet?
Gov. Bill Richardson isn't pleased. He says his administration will tackle what the Legislature declined to do during its just completed session: regulate payday lending.
A bill to impose new consumer protection rules on the New Mexico payday loan industry is marching through that state's legislature. It passed the House, 63-4, with its next stop the Senate Judiciary Committee. But it's not quite the bill…
Isabell Trujillo told New Mexico lawmakers that she took out a payday loan when she needed additional money to pay medical bills, then requested another when she couldn't pay off the sum. And so on. Twelve payday loans later, she owes…
Clovis, NM — The New Mexico attorney general's office is concerned about the lending practices of payday loan companies and is proposing stricter regulations.
Albuquerque, New Mexico — Attorney General Patricia Madrid, following a legislative failure, wants to cap payday loan rates in New Mexico using her rule-making authority.