Legislators are currently debating House Bill 132, which would cap interest rates on loans in the state to 36%. Proponents of this bill say it will help New Mexicans escape a "debt trap". But exactly is that? Source NM's Austin Fisher sits down with KSFR to discuss his reporting on exactly what this is, and what proponets and opponents are saying about it.
Source NM's Austin Fisher discusses "debt trap" and HB 132
Sourcenm.com