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 Opposes Attempt to Revive Failed Net Neutrality Rules Print
By CFIF Staff
Tuesday, September 26 2023

 WASHINGTON, D.C. – Federal Communications Commission (FCC) Chairwoman Jessica Rosenworcel today announced her intent to pursue net neutrality regulations once again.  In response, Center for Individual Freedom president Jeffrey Mazzella released the following statement:

“Calls for so-called net neutrality are the product of hysterical predictions about the destruction of the internet, being pushed by far-left activists who want to implement a heavy-handed regulatory regime onto the private sector and consumers. As time has shown, not only were these predictions total fantasy, but America’s light-touch approach to regulating the internet kept our networks resilient during the COVID-19 pandemic, whereas tightly regulated markets like the EU had to slash service to keep networks functional. 

“Government control of the internet is bad for freedom and the economy. Under the brief trial of Title II net neutrality rules, investment in telecommunication decreased and the adoption of broadband faltered.

“Furthermore, today's announcement ends years of productive, bipartisan work at the FCC and will inevitably throw a wrench into the many important initiatives underway at the Commission. 

“Right now, the FCC is working to close the digital divide, root out unsecure networking equipment, reform infrastructure permitting, identify spectrum for the America’s 5G and 6G future, kill robocalls for good, reinvigorate the space economy, and more¬. These are critical initiatives that can’t be sidelined by an unnecessary partisan fight. 

“CFIF opposes this latest attempt to revive the repealed net neutrality rules and instead calls for the Commission to pay greater attention to the more pressing issues before it.”

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