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New Mexico Factors Unique Rules For Pay Day Loans; But You Can Nevertheless Be Charged Up To 175per cent Interest

New Mexico Factors Unique Rules For Pay Day Loans; But You Can Nevertheless Be Charged Up To 175per cent Interest Comments: ALBUQUERQUE, NM – recently, the fresh new Mexico Financial Institutions Division (FID) launched highly anticipated restrictions on a law which implemented a 175% monthly interest cover on smallest financial products. Along with capping small-dollar … Continua