Compromise sought on cash advance interest levels. A Check ‘n Go shop in Santa Fe provides payday advances.

Compromise sought on cash advance interest levels. A Check ‘n Go shop in Santa Fe provides payday advances.

Clyde Mueller / The Newest Mexican

A previous state senator that is assisting lead the battle against high-interest payday as well as other tiny loans sa Monday that a bill to cap rates at 36 per cent is dead.

“The governor would veto it anyway,” said previous Sen. Steve Fischmann, co-chairman for the brand New Mexico Fair Lending Coalition, talking about home Bill 26, sponsored by Rep. 继续阅读“Compromise sought on cash advance interest levels. A Check ‘n Go shop in Santa Fe provides payday advances.”