New Mexico fight next year
September 22, 2010 | New Mexico | Comments (1)Not sure what to make of this coming a day after a Democratic Gubernatorial calls for a ban. From the story:
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 gubernatorial candidate Diane Denish announced she would work to make predatory lending practices, including in payday lending, a crime if elected governor.
“I’m certainly not for eliminating the industry, but for stricter regulations on it,” the Gallup Democrat told The Independent. “I’m saying let’s get our arms around it.”
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How can a candidate say that they are not trying to eliminate and industry, but make a promise to make it a crime if elected governor?