WHEN NEW MEXICO LAWMAKERS CONVENE IN SANTA FE LATER THIS MONTH, THEY’LL BE ASKED TO CONSIDER A BILL THAT WOULD GIVE STATE WORKERS ACCESS TO SHORT TERM PERSONAL LOANS. THE ASSOCIATED PRESS REPORTS THE LOANS COULD THEN BE REPAID THROUGH THE EMPLOYEE’S PAYCHECKS.
IT’S THE IDEA OF SENATOR BILL TALLMAN, AN ABQ DEMOCRAT. HE SAYS THE BILL IS DESIGNED TO ALLOW STATE EMPLOYEES TO BORROW MODEST AMOUNTS OF MONEY WITHOUT HAVING TO DEAL WITH PAY DAY LOAN COMPANIES WHICH CHARGE HIGH INTEREST RATES.
