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 This Lawsuit Is Gnarly, Dude
This Lawsuit Is Gnarly, Dude Print
Thursday, April 10 2014

A nonprofit organization in Utah is suing the U.S. Forest Service, demanding that the park service lift its ban on snowboarding at Alta ski resort. The group, Wasatch Equality, claims the park service's ban violates snowboarders' rights to equal protection under the U.S. Constitution.

In a recent court filing, the U.S. Attorney's Office for Utah asked a judge to dismiss the case on grounds that the government has sovereign immunity and that snowboarders are not a protected class. In the filing, the federal government also said it has discretion about what activities can take place on public lands.

“For example, the United States may decide to allow fishing within a wildlife refuge, but it may choose to limit particular waters within that refuge only to fly fishing, which necessarily excludes other type of fishing,” assistant U.S. Attorney Jared Bennett wrote.

A hearing in the case is expected in the coming weeks.

Source: fox13now.com

Notable Quote   
 
"The Biden administration has outpaced other recent presidents in issuing significant regulations that place a financial burden on taxpayers, according to a report from the Competitive Enterprise Institute.Under President Joe Biden, the federal government completed 89 economically significant rules in 2022, defined as those with at least a $100 million economic impact, which is higher than any point…[more]
 
 
— Will Kessler, Daily Caller News Foundation
 
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