Payday Lenders Target Poor New Mexicans

NPR’s got a nice little story on payday loans in New Mexico.

New Mexico is one of the poorest states in the nation, and has virtually no laws regulating payday lenders, making it a perfect breeding ground for these usurious knaves.

The state is currently considering legislation that could potentially put the payday loan industry out of business in New Mexico… boo-hoo. — BEN POPKEN

‘Payday Loans’ Plague New Mexico’s Working Poor [NPR]