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Gov , Legislature should act on high-interest loans

OPINION | Capping rates at 36% will help end cruel cycle of debt in NM

New mexicoUnited statesNew mexicansGregg schmedesPatricia caballeroMichelle lujan grishamLujan grishamKaty duhiggKathleen saboMichelle lujanSenate billMexico ethics watchBig interestDemocrats bill soulesRepublican gregg schmedesDemocrat patricia

The governor and the Legislature should not ignore high-interest loans

In the first week of the 2022 Legislature, lawmakers introduced several bills that would lower New Mexico's unconscionable 175% interest rate cap on small loans to 36%. But the Legislature won't even be able to discuss such measures in the current 30-day session without an official "message" from Gov. Michelle Lujan Grisham.

New mexicoUnited statesLas crucesNew mexicansGregg schmedesPatricia caballeroMichelle lujan grishamKaty duhiggKathleen saboMexico legislatureMichelle lujanNew mexico legislatureSenate billMexico ethics watchBig interestBill soules

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