CFPB Monitor
JUNE 17, 2021
State legislatures in New Mexico and Nevada enacted laws this session targeting medical debt collections. New Mexico Patients Debt Collection Practices Act . The New Mexico Patients Debt Collection Practices Act places a number of requirements on health care facilities and debt collectors and buyers.
PYMNTS
AUGUST 25, 2016
But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities. the threat of regulation is headed the way of the alternative finance player. A Regional Reach. A Regulatory Touch.
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CFPB Monitor
JANUARY 30, 2023
In recent blog posts, we discussed the efforts of both Michigan and New Mexico to impose a 36% annual interest rate cap. Over the past few years, numerous states have imposed interest rate caps on consumer credit. Last year, Congress took up the discussion of a national 36% annual interest rate cap. Continue Reading
PYMNTS
MAY 19, 2020
The mayor, who is also a table games manager at a local casino and hotel, said per the report that he has come across people traveling from states that are close by as well as those that have come from Florida, Texas, New Mexico and New York. The state has earned $24.3 million from online gaming since the summer of last year.
Independent Banker
JUNE 27, 2018
I’m looking forward to returning to my home state of New Mexico to visit with the Independent Community Bankers of New Mexico. Not once did you waver when ICBA asked for your letters, calls, emails, petition signatures—all in the name of tiered and proportionate regulation for our industry.
Perficient
JULY 11, 2022
Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories. Consumer advocate groups and regulators have also brought forth concerns about the ramifications of BNPL existing outside of the normal credit-reporting system.
CFPB Monitor
FEBRUARY 23, 2022
The New Mexico House and Senate have both passed House Bill 132 which would create a 36% annual percentage rate (APR) cap on loans up to $10,000 made under the New Mexico Bank Installment Loan Act of 1959 (BILA) and the New Mexico Small Loan Act (SLA).
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