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X lands money licenses in Illinois, New Mexico

Payments Dive

The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.

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The Taste Of New Mexico In A Subscription Box

PYMNTS

Entrepreneurs are sometimes inspired to create companies based on a place where they have strong ties: Eric Smith was born as well as raised in New Mexico and co-founded Nuevo Food Box , which offers a subscription box of food highlighting the flavors of the state. They met in the state, but they had to move away for work (and life).

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New Mexico Lawsuit Sparks Marijuana Business Tax Debate

PYMNTS

A lawsuit in New Mexico is reigniting the debate over marijuana business taxes, only this time, the controversy surrounds how to classify these companies under state tax code. million refund.

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Credit card used to buy AR-15 rifle in New Mexico shooting

Payments Dive

Police confirm the gunman’s father used a credit card to pay for part of a transaction that included the weapon purchase.

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Bill to impose 36% rate cap passes New Mexico House and Senate

CFPB Monitor

The New Mexico House and Senate have both passed House Bill 132 which would create a 36% annual percentage rate (APR) cap on loans up to $10,000 made under the New Mexico Bank Installment Loan Act of 1959 (BILA) and the New Mexico Small Loan Act (SLA).

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Nevada and New Mexico State Medical Debt Collections Laws to Take Effect July 1, 2021

CFPB Monitor

State legislatures in New Mexico and Nevada enacted laws this session targeting medical debt collections. New Mexico Patients Debt Collection Practices Act . The New Mexico Patients Debt Collection Practices Act places a number of requirements on health care facilities and debt collectors and buyers.

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Deal in New Mexico lifts credit union-bank merger tally to 14

American Banker

Eagle Federal Credit Union said it plans to acquire Southwest Capital Bank in a transaction slated to close next year. It would help the buyer expand its cannabis banking operation.