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Brand brand brand New Mexico regulators focus on brand new rules for pay day loans

ALBUQUERQUE, N.M. (AP) — It took years for brand new Mexico lawmakers to reach consensus on finally overhauling the storefront financing marketplace by capping interest levels. But state regulators have actually yet to finalize the guidelines required beneath the law that is new bolster customer defenses and enforcement.

A panel of lawmakers heard from customer advocates this week that are pressing for the laws become completed as well as loopholes to be closed.

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