FREEDOM LINE BLOG: 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…
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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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Home Jester's Courtroom Bieber Fever Leads to Lawsuit
Bieber Fever Leads to Lawsuit Print
Wednesday, July 25 2012

A Portland, Oregon, woman is suing teen idol Justin Bieber claiming that his concert left her with permanent hearing loss.

Stacey Wilson Betts filed a lawsuit in U.S. District Court in Portland seeking $9.2 million in damages she claims occurred when Bieber incited the crowd into a frenzy of screams during a live concert in Portland two years ago.  Betts charges that things got out of control when Bieber climbed into a heart-shaped gondola and pointed at various sections of the crowd to rile them up.  She said the gondola acted as a sound conductor that led to her developing tinnitus, a permanent ringing in the ears that makes it difficult to sleep.

"I am an ordinary person who bought a service, I took my daughter to a pop concert," Betts' lawsuit states.  "I had no reasonable way to anticipate the gondola could create a sound blast that would permanently damage my ears."

The lawsuit names Bieber, concert promoter AEG Worldwide, Island Def Jam Records and Vulcan Sports and Entertainment as defendants and seeks damages for medical expenses, pain and suffering, loss of quality of life and legal fees. Betts is representing herself.

—Source:  Oregonlive.com

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