As inflation continues to spiral upward at multi-decade highs and with the U.S. economy now in recession…
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Amid Recession and High Inflation, Groups Like the "National Consumer Law Center" Seek to Narrow Rather Than Expand U.S. Consumer Lending Options

As inflation continues to spiral upward at multi-decade highs and with the U.S. economy now in recession, maintaining an "all of the above" array of lending options for American consumers becomes more and more important.  Unfortunately, activist groups like the "National Consumer Law Center" aim to do the opposite and limit rather than expand consumer options.

For a sense of consumers' growing desperation, consider a Federal Reserve report on exploding credit card debt, as highlighted by Steve Cortes:

How have consumers dealt with these skyrocketing prices? The simple answer, unfortunately: via credit cards, particularly for working-class households. Just last week, the Federal Reserve Bank of New York issued a damning report on this credit binge for consumers, into a pronounced economic…[more]

August 18, 2022 • 06:06 PM

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CFIF Independence Day Quiz
By CFIF Staff
Tuesday, June 28 2022
  Take our 13-Question Independence Day Quiz to test your knowledge of American history and civics. (Answer key may be found at the bottom) 1. Americans celebrate the Fourth of July for which one of the following reasons? a. It marks mid-summer vacation
b. It is the day America declared her independence
c. It marks the day the Revolutionary War ended
d. It is an international day celebrating peace and goodwill
2. From which one of the following did the American colonies declare their independence in 1776? a. Canada
 
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Take our 14-Question Quiz to test your knowledge of our National Standard. (Answer key may be found…
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Quiz Question   
How many U.S. Presidents have donated virtually all their presidential salaries to various causes?
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Notable Quote   
 
"Flash!We interrupt your inconveniently scheduled recession -- aggravated by crazy congressional spending and absurd tax hikes -- to bring you breaking news from London. Britain's famed 'single-payer' system of national health insurance is in crisis. Again.According to The Telegraph, one of Britain's leading newspapers, the total number of patients waiting for medical care has soared to a record 6…[more]
 
 
—Robert E. Moffit, Ph.D., Senior Fellow in Domestic Policy Studies at The Heritage Foundation
— Robert E. Moffit, Ph.D., Senior Fellow in Domestic Policy Studies at The Heritage Foundation
 
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