Chasey Soules Proposal Cuts Jobs

Over 2,000 Families and Small Businesses to Suffer

Rep. Chasey and Sen. Soules propose to eradicate the state-regulated Small Loan industry.

The proposal targets:
  • Over 2,000 workers supporting families with wages and benefits;
  • Hundreds of small businesses with contracts to supply needed goods & services; and
  • Property owners who stand to lose over $7 million in lost rents;

Wall Street Wins! New Mexico Employees, Customers and Businesses Lose!

The irony is this proposal does not apply to Wall Street banks and credit card companies. Chaney and Soules are creating monopoly-like conditions for the big banks and the Internet lenders who operate by a different set of rules.