Friday, September 28, 2012

Predatory Loan Shark Scuttled

Lots of good news for New Mexicans this week.  Undoubtedly, the highlight was the huge win for Attorney General King’s lawsuit against predatory lender FastBucks, LLC. Initial estimates put restitution for victims at $10,000,000...yes, ten million dollars! In addition to that, the company, with offices around New Mexico, was ordered to stop making illegal loans and will be unable to enforce certain current loans that are not in compliance with state law.

It was a big night in Hobbs Thursday night as about 50 people from Southeast New Mexico attended a Train the Trainer anti-meth session conducted by AG King’s office. The training project is aimed at raising awareness of the meth problem with community members and teaching them how to conduct their own local presentations on the dangers of methamphetamine abuse.

And today saw another big legal win for AG King’s office. The AG charged an Arizona firm with illegally offering and providing unauthorized immigration services in New Mexico. Centro Ayuda primarily targeted Spanish-speaking customers in the Albuquerque area offering them immigration services, including preparation of a Deferred Action application, a recently announced federal immigration program. Under a deferred action, certain undocumented immigrants who meet specific requirements are able to apply for an employment authorization for a period of two years. Centro Ayuda has agreed to close its Albuquerque office and dissolve its organization.

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