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 Press Room CFIF Applauds Announcement of Support for T-Mobile/Sprint Merger by FCC Chairman Ajit Pai and Commissioner Brendan Carr
CFIF Applauds Announcement of Support for T-Mobile/Sprint Merger by FCC Chairman Ajit Pai and Commissioner Brendan Carr Print
Monday, May 20 2019

ALEXANDRIA, VA - Today, Federal Communications Commission (FCC) Chairman Ajit Pai announced his intention to recommend that the agency green-light the proposed T-Mobile/Sprint merger.  Commissioner Brendan Carr similarly announced his support for the transaction.  In response, Jeffrey Mazzella, President of the Center for Individual Freedom (CFIF), issued the following statement: 

"Today's announcement constitutes a significant step forward for U.S. telecommunications policy, and CFIF applauds the wisdom and leadership demonstrated by Chairman Pai and Commissioner Carr.  We at CFIF have consistently emphasized that the transaction would immediately and enormously benefit the American economy and consumers via faster 5G transition, rural broadband acceleration, more jobs, greater private investment in telecommunications, increased market competition, broader nationwide coverage, capacity improvements, performance improvements and lower prices.  We accordingly urge the FCC and Department of Justice to complete their respective reviews and approve the merger without delay."

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