Wednesday, September 22, 2010

When Payday Loans Are Outlawed, Only Outlaws Will Have Payday Loans

Lt. Gov. Diane Denish, who is running for governor, came out yesterday in favor of outlawing most payday loans and title loans.
Payday Loans
See my story HERE.

I didn't hear back from Susana Martinez's campaign until very late Tuesday night, so her comment on the issue didn't make the print edition. But here it is:

"We must ensure that we have strong consumer protections in place against predatory lending, such as caps on interest rates. Further, we must ensure that terms for each and every loan are fully disclosed to the consumer and I support strengthening penalties for companies that take advantage of consumers"