ATTORNEY GENERAL HECTOR BALDERAS SAYS A MULTI MILLION DOLLAR JUDGEMENT AGAINST A SHORT TERM LOAN COMPANY IS A GREAT STEP TOWARD ELIMINATING PREDATORY BUSINESS PRACTICES. A STATE DISTRICT JUDGE HAS ORDERED “FAST BUCKS” TO PAY NEW MEXICO 32 MILLION DOLLARS. THE STATE ADOPTED NEW RULES REGULATING THE PAY DAY LOAN INDUSTRY IN 2007.
THE STATE SUED FAST BUCKS TWO YEARS LATER, SAYING IT WAS CIRCUMVENTING THE LAW.
