The debate over capping brand New Mexico rates of interest on storefront loans may well not be over yet.

The debate over capping brand New Mexico rates of interest on storefront loans may well not be over yet.

36 months after state lawmakers authorized a bill that capped interest that is small-loan at 175per cent, a prominent Santa Fe-based think tank is proposing that the limit be lowered significantly – to 36% – and monetary literacy classes be manufactured a graduation requirement of senior high school pupils statewide. Continue reading “The debate over capping brand New Mexico rates of interest on storefront loans may well not be over yet.”