We at CFIF have consistently highlighted the peril of federal, state and local government efforts targeting…
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New Study Shows How Overregulating Short-Term Lenders Harms Consumers

We at CFIF have consistently highlighted the peril of federal, state and local government efforts targeting the short-term consumer lending sector.

Less than two years ago, we specifically sounded the alarm on a New Mexico law artificially restricting interest rates on short-term consumer loans.

Well, a new study entitled "A New Mexico Consumer Survey:  Understanding the Impact of the 2023 Rate Cap on Consumers" that surveyed actual borrowers confirms our earlier warnings:

Key findings include:

•Short-term,small-dollar loans help borrowers manage their financial situations, irrespective of the borrower’s income.

•The rate cap has failed to improve the financial wellbeing of New Mexicans, specifically those who had previously relied on short-term, small-dollar loans.

•…[more]

November 27, 2023 • 03:57 PM

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CFIF Veterans Day Quiz Print
By CFIF Staff
Thursday, November 10 2022

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Take CFIF’s 11-Question Veterans Day Quiz and test your knowledge of the brave men and women who defend our freedoms.

(Answer key may be found at the bottom)


1. Veterans Day is celebrated annually on November 11th for which one of the following reasons?

a. The Treaty of Versailles was signed on that date
b. The WWI armistice occurred on that date
c. The American Revolution ended on that date
d. Pearl Harbor was attacked on that date

2. Which of the following is the highest military decoration which can be awarded an individual serving in the Armed Services of the United States?

a. Army, Navy, Air Force, Coast Guard Cross
b. Distinguished Service Medal
c. Medal of Honor
d. Silver Star

3. What is the oldest continuously occupied military post in the U.S.?

a. Fort Monroe, Hampton, Virginia
b. Fort Hamilton, Brooklyn, New York
c. U.S. Military Academy, West Point, New York
d. U.S. Naval Academy, Annapolis, Maryland

4. Until 1947, the U.S. Air Force had been most closely associated with which one of the following service branches?

a. U.S. Army
b. U.S. Navy
d. U.S. Coast Guard
d. U.S. Marine Corps

5. “Semper Paratus” (Always Ready), is the motto of which one of the following services?

a. U.S. Marine Corps
b. U.S. Coast Guard
c. U.S. Army
d. U.S. Navy

6. The Friday before Mother’s Day is traditionally recognized as which one of the following?

a. Armed Forces Day
b. Memorial Day
c. Military Spouse Appreciation Day
d. V-E Day

7. In which one of the following years did Congress pass its first Declaration of War?

a. 1776 
b. 1812
c. 1917
d. 1941

8. Which one of the following was the first federally authorized housing and medical facility for disabled U.S. veterans?

a. The Naval Home
b. The Soldiers’ Home
c. St. Elizabeth’s Hospital
d. Walter Reed Army Medical Center

9. Which U.S. President signed legislation to establish the Department of Veterans Affairs as a cabinet agency?

a. Herbert Hoover
b. Jimmy Carter
c. Ronald Reagan
d. George H.W. Bush

10. Which pair of the following U.S. Presidents both served on an aircraft carrier and had one named after them?

a. John F. Kennedy & Dwight D. Eisenhower
b. Ronald Reagan & John F. Kennedy
c. George H.W. Bush & Gerald R. Ford
d. Harry S. Truman & Jimmy Carter

11. Which one of the following patriots from the American Revolution is credited with stating, “I know not what course others may take; but as for me, give me liberty or give me death?”

a. Patrick Henry
b. Nathaniel Greene
c. Nathan Hale
d. Paul Revere

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"The price of freedom is eternal vigilance" President Thomas Jefferson


Answers:  1(b); 2(c); 3(c); 4(a); 5(b); 6(c); 7(b); 8(a); 9(c); 10(c); 11(a)

Notable Quote   
 
"The Biden administration has outpaced other recent presidents in issuing significant regulations that place a financial burden on taxpayers, according to a report from the Competitive Enterprise Institute.Under President Joe Biden, the federal government completed 89 economically significant rules in 2022, defined as those with at least a $100 million economic impact, which is higher than any point…[more]
 
 
— Will Kessler, Daily Caller News Foundation
 
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What grade would you give the Biden administration thus far regarding all aspects of its approach to the Hamas/Israel conflict?