Brand Brand New Mexico Problems Brand Brand New Rules For Pay Day Loans; You Could Nevertheless Be Charged Up To 175% Interest
Commentary: ALBUQUERQUE, NM – This week, the newest Mexico finance institutions Division (FID) released regulations that are highly anticipated a legislation which imposed a 175% rate of interest cap on tiny loans. As well as capping small-dollar loan APR, what the law states (HB 347) which passed through the 2017 brand new Mexico legislative session,…