NM A-G TARGETS TEXAS PAY-DAY LOANER
11:00AM Tuesday
January 29, 2013
CAN YOU BELIEVE 400 PERCENT INTEREST RATES? THAT'S WHAT A TEXAS LOAN COMPANY IS ACCUSED OF CHARGING CUSTOMERS IN NEW MEXICO ... AND STATE A-G GARY KING SAYS FASTBUCKS IS NOW TRYING TO "WEASEL OUT" OF PAYING THOSE CONSUMERS 20-MILLION DOLLARS IN COURT-ORDERED RESTITUTION.
THAT'S BECAUSE THE COMPANY FILED FOR CHAPTER 11 BANKRUPTCY, WHICH HALTS ANY STATE COURT ACTION ... EVEN THOUGH FASTBUCKS IS STILL OFFERING THOSE SKY-HIGH LOAN RATES TO NEW MEXICANS. THE COMPANY HAS NOT YET RESPONDED TO A REQUEST FOR COMMENT.