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 Run Geezer Run
Run Geezer Run Print
Monday, February 14 2011

Facebook has made a bank robber more popular than he likely would prefer. Dubbed the "Geezer Bandit," the bank-robbing old man's wrinkled face appears on t-shirts and thousands of people "like" him on one of the two Facebook pages set up to honor the crook.
 
Photos of the Geezer Bandit show him to be between 60 and 70 years old, although authorities claim he could be someone younger disguised under a lifelike special effects mask. Regardless, they warn, he is an armed and dangerous menace.

One frequent commentator on a Facebook site said he is pleased to see a robber targeting Bank of America. "Talk about a bunch of crooks glad to see you got some of the American people's money back," Kenny Walsh wrote.

The Geezer Bandit is believed to have robbed 13 banks over the last several years.

—Source: Pensacola News Journal (FL)

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