Copyright © Loan Sharks Attack New Mexico

Loan Shark Attack

New Mexico

Loan Shark Lobby

Six out of seven New Mexicans support interest caps of 36% or less.

Major cities and counties across the state have passed resolutions asking the state to enact interest caps of 36% or less. 

Financial counseling and religious organizations across the state support interest caps.

So why doesn't the legislature act?  The rich lending lobby of course.

Here is a list of interest cap supporters and the army of lobbyists the industry has hired to fight them.

Mickey Barnett

James Bullington

Arthur Hull II

Kimberly Legant

Vincent Montoya

Brent Moore

Daniel Najjar

Dea Rankin

Scott Scanlon

Sam Ray

Robert Reich

Raymond Sanchez

Matejka Santillanes

David Schmidt

Anthony Trujillo

Timothy Trujillo

New Mexico Loan Industry Paid Lobbyists 2014

John Underwood

Al Park

Jerry Apodaca

Charlie Marquez

Nancy King

Bob Barberousse

Joseph Santinelles

New Mexico Cities & Counties That Have Passed Resolutions Supporting Interest Caps



Bernalillo County                                            


Dona Ana County



Las Cruces                                                    

Luna County


Santa Fe

Santa Fe County

Silver City                                                        

New Mexico Municipal League

Also Supported By: 

New Mexico Association of Counties

The Navajo Nation

Organizations Supporting Interest Caps

Financial Counseling Organizations

Prosperity Works, Wesst, Tierra del Sol, Community Action Agency of Southern New Mexico, Native Community Finance,  Eastern Plains Community Action Agency, Colonias Development Council, Center for Economic Integrity, Midwest New Mexico Community Action Program, United South Broadway, Results Santa Fe, Help New Mexico, Cuatro Puertas, Echo San Juan County, Center for Responsible Lending.

Military Organizations

US Department of Defense, Military Officers Association of America - New Mexico Chapter, NMSU Veterans Programs, UNM Veterans Resource Center, Las Cruces Veterans Advisory Board.

Religious Organizations

New Mexico Conference of Catholic Bishops, Catholic Charities of Santa Fe Archdiocese, Lutheran Advocacy Ministry, Interfaith Worker Justice, Catholic Charities of Las Cruces Archdiocese, CaFe, and over 230 faith leaders across New Mexico.  

The National Baptist Convention, the National Association of Evangelicals and the Cooperative Baptist Fellowship  have all called for payday lending reform.

Native American Governments & Organizations

Navajo Nation, Navajo Human Rights Commission, Tewa Women United, Zuni Education and Career Center, Zuni Senior Center

Major Social Service Organizations

AARP, AFSCME, New Mexico Voices for Children, America Votes, NEA, Care 66, Encuentro, NGage NM, New Mexico Center on Law and Poverty, Somos un Pueblo Unido.

New Mexico Newspapers Endorsing 36% A​PR Loan Caps

Albuquerque Journal

Las Cruces Sun News

Farmington Times

Carlsbad Currant Argus