I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
A lawsuit filed by a Texas-based payday lending firm targeted by Attorney General Gary King has been dismissed by a Roswell district court judge, according to the AG’s office.
The Attorney General’s office earlier this year sued Fastbucks, which has…
Thursday’s night final debate between Republican Susana Martinez and Democratic Lt. Gov. Diane Denish felt like a review of the past three-and-a-half months, wrapped up in a tidy, one-hour debate. Except, that is, for the moment when Denish shocked Martinez, and the audience, by reading from an e-mailed invitation to a reception for Martinez—an e-mail that assured Martinez would not end or further limit what it called “consumer lending.”
A state lawmaker who helped push through a 2007 law to limit payday lending abuses said Wednesday she plans to file legislation this January to impose tougher restrictions.
The news of Rep. Patricia Lundstrom’s intention comes a day after Democratic…
Even after reforms were passed, payday lenders in New Mexico and other states continue making payday loans – and sometimes at higher rates than before the laws were enacted, according to public policy experts and consumer advocates who follow the payday industry.
The New Mexico Legislature’s Courts, Corrections and Justice committee met in Red River Wednesday and there were several interesting topics on the agenda, including double-dipping, predatory lending and a proposed ethics commission. NMI live blogged from the meeting.
President Barack Obama will be in New Mexico Thursday morning to discuss federal legislation that would crack down on credit card companies that he says have been taking advantage of customers. Consumer groups applaud the proposed reforms, but some in New Mexico wish they went further to protect against predatory lending.
“My business is based on one simple concept. Never tell yourself no. Why not buy that new flat screen, why not take that trip to the Bahamas, why not add a few carats to the engagement ring? There used to…
