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AG: Ruling means small NM borrowers owed $10M

By Washington Examiner
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ALBUQUERQUE, N.M. (AP) — A New Mexico district judge’s ruling could mean millions for consumers who took out small loans from a Dallas-based lender.

New Mexico Attorney General Gary King says his office’s three-year legal battle against FastBucks, LLC, ended this week with a ruling saying the company took advantage of borrowers “to a grossly unfair degree.”

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