We at CFIF have consistently highlighted the peril of federal, state and local government efforts targeting…
CFIF on Twitter CFIF on YouTube
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

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
'No Evidence' of Joe Biden Being Involved in the Family Business Keeps Piling Up
By David Harsanyi
Sunday, October 01 2023
Joe Biden defenders have been on a wild ride this past year. It began with them arguing that the president knew absolutely nothing about his family's influence-peddling business to arguing that it's no big deal that Chicom wire payoffs happen to have Biden's home address listed on them. The quality of the excuses, unsurprisingly, has been deteriorating rapidly. They largely entail repeating the words "no" and "evidence" in a perpetual loop. But, this week, when James Comer released financial records of Hunter Biden receiving two wire transfers totaling $260,000 in 2019 from…
 
Biden Administration Inexplicably Resurrects “Net Neutrality” Zombie
Joe Biden suddenly finds himself in a deep hole, yet his administration inexplicably prefers to keep…
Read more...
Joe Biden's Intentional Crisis
The continuing incursion of illegal border crossers into the United States is the most astonishing story…
Read more...
 
Biden Is a Threat to Democracy
President Joe Biden is pitching himself as the savior of democracy. "I will always defend, protect…
Read more...
CFIF Opposes Attempt to Revive Failed Net Neutrality Rules
 WASHINGTON, D.C. – Federal Communications Commission (FCC) Chairwoman Jessica Rosenworcel…
Read more...
 
Hey, Republicans: Don't Forget About Growth and Prosperity
House Republicans are in another titanic battle with President Joe Biden on how to balance the budget.…
Read more...
Paying Iranian Terrorists Billions in Ransom Is Nothing To Brag About, Mr. President
The going rate for an American hostage these days is around $1.3 billion. That's what the Biden administration…
Read more...
 
Replacing Biden Won’t Improve “Bidenomics”
Democrats find themselves suffering a deepening panic as Joe Biden trails almost every potential Republican…
Read more...
Are Ordinary Americans Buying 'Bidenomics'?
As election season approaches, Democrats are touting the economic results of Biden administration policies…
Read more...
 
Biden Lays a Booby Trap For a Republican President
The Biden administration is setting a booby trap in case a Republican wins the presidency in 2024. …
Read more...
The Mystery of the Missing F-35
It was one of the weirdest stories in years. The U.S. military lost a state-of-the-art F-35 fighter jet…
Read more...
Notable Quote   
 
"Hunter Biden's offer to testify before the House Oversight Committee is a clever evasion, nothing more. The president's son says he will testify only if the hearing is publicly televised. Nice try. Subpoenaed witnesses don't get to set the terms. The committee does.Why make an offer that is bound to be rejected? For two reasons. The PR goal is for Hunter to appear willing to testify, when he actually…[more]
 
 
— Charles H. Lipson, Professor Emeritus of Political Science at the University of Chicago
 
Liberty Poll   

What grade would you give the Biden administration thus far regarding all aspects of its approach to the Hamas/Israel conflict?