Brand New Mexico Factors Brand-new Laws For Pay Day Loans; You Could Nevertheless Be Charged Over To 175% Interest

Brand New Mexico Factors Brand-new Laws For Pay Day Loans; You Could Nevertheless Be Charged Over To 175% Interest Commentary: ALBUQUERQUE, NM – This week, model Mexico finance companies department (FID) published long awaited restrictions on a law which charged a 175% interest rate limit on small financing. Additionally to capping small-dollar loan APR, what the law states (HB 347) …

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