Predatory lending in New Mexico

http://joemonahansnewmexico.blogspot.com/

NM is one of the few states that doesn’t have an interest rate cap. Rates can go as high as 3,287% for a “tax refund anticipation loan”. Public policy that makes NM a loan shark Nirvana explains why predatory lending franchises outnumber all the Starbuck’s, McDonald’s and fast-food restaurants in our state combined…

If you don't comment, I'll just assume you agree with me

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s