No Loan for you: Southwest Public Policy Institute Publishes New Report

Southwest Public Policy Institute recently published a report detailing the negative consequences of restricting access to credit in New Mexico.

Short-term, small-dollar loans offer respite to many Americans who are under-banked or unbanked, especially when they are in desperate need of cash. Despite this, New Mexico lawmakers have restricted access to these alternative forms of credit, and many New Mexicans cannot obtain quick credit when they need it most.

The report by Southwest Public Policy Institute highlights a member of the Albuquerque community as he unsuccessfully attempts to access credit in this new, restrictive environment.

Read the full report here.