NPR's got a nice little story on payday loans in New Mexico.
New Mexico is one of the poorest states in the nation, and has virtually no laws regulating payday lenders, making it a perfect breeding ground for these usurious knaves.
The state is currently considering legislation that could potentially put the payday loan industry out of business in New Mexico... boo-hoo. — BEN POPKEN
'Payday Loans' Plague New Mexico's Working Poor [NPR]
: http://consumerist.com/consumer/npr/payday-lenders-target-poor-new-mexicans-234562.php