Wells Fargo’s Flex Loan program is a labyrinth of unclear eligibility requirements and a baffling case of vanishing funds.
Category: Government Regulation
Experience shows that businesses pass on increased costs to consumers, hurting the very people wage hikes are supposed to help.
Rio Rancho, NM – The Southwest Public Policy Institute (SPPI) strongly condemns the Consumer Financial Protection Bureau (CFPB) for alleged racial discrimination against at least 85 Black and Hispanic employees. This follows news that the U.S. District Court for the District of Columbia has approved a $6 million settlement of class claims of alleged discrimination […]
If CFPB found a financial institution had suffered a data breach of a similar magnitude, the fines and fees would be astronomical.
The 2022 passage of House Bill 132, which set a stringent cap of 36% on interest rates for consumer loans, is having its intended and significant repercussions on New Mexico’s financial landscape. This was no accident: by restricting the interest rates that small-dollar lenders can charge, the rate cap effectively marginalized an entire segment of […]
Components of the Inflation Reduction Act have the very real potential of inflating drug prices with arbitrary price controls. Consumers will pay the price.
The Southwest Public Policy Institute (SPPI) is honored to announce that its recent launch of the Bureau to Protect Financial Consumers from the Consumer Financial Protection Bureau (BPFCCFPB) has been covered by nationally acclaimed Fox Business. This pivotal coverage by Fox Business underscores the urgent need for initiatives like the BPFCCFPB, which aim to champion […]
Rio Rancho, NM — The Southwest Public Policy Institute (SPPI) has launched its own Bureau to Protect Financial Consumers from the Consumer Financial Protection Bureau (BPFCCFPB). The BPFCCFPB seeks to provide financial consumers with an avenue to report malfeasance from the Consumer Financial Protection Bureau (CFPB), such as their recent data breach which exposed users to malicious […]
The Southwest Public Policy Institute (SPPI) has announced its support for the impeachment efforts against Governor Lujan Grisham led by Representative Stefani Lord. This nonpartisan movement of Republicans, Democrats, and New Mexicans across the state is seeking to protect the Constitutional rights of all New Mexicans. This emergency order has received stark criticism from across […]
In 1986, Ronald Reagan quipped that the “nine most terrifying words in the English language are: ‘I’m from the government, and I’m here to help.’” Well, New Mexico’s government is “helping” again. In July, Gov. Michelle Lujan Grisham announced regulations for “Advanced Clean Cars and Advanced Clean Trucks.” The dictates — crafted by New Mexico […]