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 A Wild Ride to the Courthouse
A Wild Ride to the Courthouse Print
Wednesday, February 18 2015

A Connecticut man is suing a Southington, Connecticut, restaurant after suffering injuries following a fall from a mechanical bull.

Steven Saleski is suing Cadillac Ranch Restaurant claiming he suffered "painful, permanent, serious injuries" after he fell off a mechanical bull called "Old Thunder."  According to news reports, Saleski believes the bull was positioned too close to a wall and that the restaurant should have been aware of its dangerous placement. Moreover, Saleski claims the restaurant did not give visitors sufficient warning about the dangers of riding the mechanical bull, did not give the machine's operators enough training, and did not take the necessary safety precautions.

In his lawsuit, Saleski charges that he suffered severe neck pain and fractured two vertebrae after being thrown off the bull and hitting his head. Saleski is seeking an unspecified amount of monetary damages, saying that the medical treatment he has undergone has challenged him financially.

Cadillac Ranch has not commented on the lawsuit.

—Source:  wtnh.com (Connecticut)

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