Steve Terrell About a couple of weeks before a Texas-based payday-loan business is meant to attend court, the organization has filed a countersuit against Attorney General Gary King, accusing King of "malicious punishment of procedure" and "attempting to legislate by litigating."
The Fastbucks firm, which includes a workplace Santa Fe, is certainly one of two payday-loan companies sued by King year that is last. An attorney when it comes to business, in a job interview Tuesday, called King a "schoolyard bully."
"He can not have the bill passed which he desired, so that they sue us," stated Fastbucks attorney Steve Solomon. "The Attorney General's workplace has had as policy to battle all microlending; 100,000 or even more individuals in brand New Mexico used Fastbucks."
The company is asking a judge to make King's workplace to quit its suit against Fastbucks.
it is also asking that King have to spend the business's appropriate payday loans locations costs. Even though fastbucks that are original had been filed in Santa Fe, Fastbucks filed its countersuit Friday in Roswell. Solomon denied that the business had been attempting to look for a jurisdiction that might be more friendly to its instance.
King responded in a written declaration Tuesday, "Our present legal actions against two loan that is small are well-founded and prosecutable under brand brand New Mexico's Unfair ways Act. להמשיך לקרוא