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.
United Nations Is Useless
By Betsy McCaughey
Wednesday, October 18 2023
The United Nations is useless.  The United States is pouring more than $12 billion a year of our tax money down the U.N. rathole and squandering a better opportunity.  The dream behind the U.N.'s founding, to provide an international forum for peaceful cooperation and the prevention of war, doesn't have to be discarded.  America should lead the democratic nations to establish a new forum and junk the U.N. Those two letters have come to stand for Useless Nations, or worse, Unethical Nations.  The U.N. lends legitimacy to ruthless, despotic regimes and even a terrorist organization…
 
GOP Candidate: The 2024 Race Is 'Stuck'
An extraordinary document emerged from the 2024 Republican presidential race this week, and it isn't…
Read more...
Our Public Schools Are a National Disaster
Perhaps what's most distressing about the latest collapse in high school test scores is that no one seems…
Read more...
 
It’s Looking a Lot Like 1979 Again
Painful inflation.  Rising interest rates.  Societal malaise.  Now add to that toxic mix…
Read more...
The Cult of 'Forever Low' Interest Rates Had to End Sometime
Countless financial soothsayers and Wall Street wizards were once members of a curious cult. Their doctrine?…
Read more...
 
If Biden Really Wants to Help Israel, He Must Stop the War on American Energy Now
President Joe Biden solemnly declared today that he stands with Israel against the terrorists. Great.…
Read more...
Rent Control Is a Disaster. Don't Let It Spread Across the Nation.
America's renters – more than one-third of the nation's households – are…
Read more...
 
The RFK Jr. Wild Card
For all the talk that has sometimes surrounded his presidential candidacy, Robert F. Kennedy Jr. was…
Read more...
'Good Government' Is a Two-Way Street
You've undoubtedly noticed how up-in-arms everyone becomes when the government is on the verge of shutting…
Read more...
 
Supreme Court Reviews Rogue CFPB Bureaucracy
The United States Supreme Court began its new term this week, featuring pivotal cases involving the Second…
Read more...
The White House Dog Scandal
Last week, President Joe Biden's German shepherd Commander bit a Secret Service agent. That marked the…
Read more...
Notable Quote   
 
"The best-case scenario for one of the most common COVID-19 interventions may be that it has no measurable effect on infection, recent studies suggest.A systematic review of studies of mask mandates for children, published Saturday in the British Medical Journal's Archives of Disease in Childhood, found "no association" with infection or transmission in 16 of the 22 observational studies and 'critical…[more]
 
 
— Greg Piper, Just the News
 
Liberty Poll   

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