We tested the prediction that banks will step in when payday lenders face restrictions. They didn’t want our business.
Category: Markets and Finance
How the war on specialized emergency loans has hurt New Mexicans.
Specialized emergency lenders play a crucial role in providing access to credit for individuals who may not qualify for traditional loans from banks or credit unions, and can be a lifeline for those facing unexpected expenses or a temporary financial setback.
As the oil and gas industry in New Mexico booms, the state’s projected revenue for the 2024 fiscal year is close to $12 billion. We believe it’s time for the state to consider redistributing some of this newfound wealth to its citizens.
Categories
SPPI Job Index: Dark Clouds Are Gathering
Today’s fresh employment numbers from the U.S. Department of Labor’s Bureau of Labor Statistics are concerning.
States throughout the region boast a wide disparity of economic recovery in the aftermath of the pandemic.
Increasing domestic manufacturing capabilities through licensing freedom and red tape reduction can be an investment in future economic security.
Originally published at Santa Fe New Mexican on June 11, 2022. Earlier this year, as New Mexico debated legislation limiting to 36 percent the annual percentage rate for consumer loans in the state, the primary witness testified in support of the bill before the Consumer and Public Affairs Committee. Claims were made that do not hold […]
Erin Norman, senior messaging strategist at State Policy Network, recently published critical commentary of President Joe Biden’s inflation-fighting plan. Introduced last week, Biden highlights his plan in the Wall Street Journal. Composed of over 1,100 words, he spent one third of the article telling Americans how good things are right now. But the public begs […]
The personal finance website WalletHub just released its report on 2022’s Best and Worst State Economies. The WalletHub methodology incorporates twenty-eight indicators across three broad categories of economic activity, economic health, and innovation potential. The weighted final score is then used to rank each state. Source: WalletHub As seen before with metrics such as post-pandemic […]