As inflation continues to spiral upward at multi-decade highs and with the U.S. economy now in recession…
CFIF on Twitter CFIF on YouTube
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

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's Courtroom Legal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts
Biden Says Kids Belong to Their Teachers
By Betsy McCaughey
Wednesday, May 04 2022
Schools are becoming indoctrination factories, trying to turn children against their country and their own parents' values. It's what the teachers unions intend. Amazingly, that's just fine with President Joe Biden, who told a gathering of teachers and union bigwigs on April 27 that the kids are "yours when they're in the classroom." That wasn't just a Biden stumble. He repeated it for emphasis: "They are all our children ... They are not somebody else's children." Sorry, Joe. But parents have a right to know what their children are being taught, and to set limits. State legislators…
 
Crony Capitalists Propose a Carbon Tax to … Reduce Energy Costs?
Remember when Joe Biden pitched his "Build Back Better" boondoggle?   He insisted…
Read more...
Biden's Ministry of Truth
A federal speech czar? Just as the Founders imagined it, no doubt. Earlier this week, Department of…
Read more...
 
Justices Ask Whether Left's Wokeness Should Be the Only Religion Allowed in Public Schools
Over the past 60 years, public schools have been scrubbed of religion, stripped bare in the name of the…
Read more...
Time To Audit Twitter Censorship
New Twitter owner Elon Musk is vowing to reform the social media platform. "Free speech is the bedrock…
Read more...
 
How America Became La La Land
America these last 14 months resembles a dystopia. It is becoming partly the world of George Orwell's…
Read more...
Do No Harm, Joe Biden
Candidate Joe Biden promised to solve our problems and restore faith in the American government. Today…
Read more...
 
Biden-Pelosi-Schumer Policies Birthed Runaway Inflation, and They Threaten to Make It Worse
“Putin Price Hike.”   If Joe Biden and his enablers lie regarding a subject as…
Read more...
Can Biden Buy Votes With Student Debt Relief?
The 2020 Democratic presidential primary race was a bidding war in which the various candidates advocated…
Read more...
 
The 'Putin's Price Hike' Canard
In March, inflation jumped 8.5%, the biggest spike since 1981. Economic growth is expected to slow. Voters…
Read more...
Loose Nuke Talk
Americans, like the planet's other 7.5 billion people, are not prone to talk or think much about nuclear…
Read more...
Quiz Question   
How many U.S. Presidents have donated virtually all their presidential salaries to various causes?
More Questions
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
 
Liberty Poll   

How many times a week do you feel misled by news stories?