Tara Jaramillo’s payday lending scheme didn’t happen despite New Mexico’s interest rate cap: it happened because of it, with a little help from Fred Nathan and the price-fixing crusaders at Think New Mexico.
Category: Legal and Judicial
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‘Black Market Payday’ Makes Headlines: Unlicensed Lending by Tara Jaramillo
Price controls like New Mexico’s 36% APR cap have driven vulnerable workers into the hands of unlicensed lenders.
The veto of Alaska’s SB 39 preserves critical credit access for underserved consumers and rejects the failed model of rate caps seen in New Mexico and Illinois.
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Conservatism Courts Crime and Justice Culture Domestic Policy Economic Opportunity Economy Government Regulation Government Transparency and Accountability Legal and Judicial Life Markets and Finance New Mexico Political Thought Poverty & Welfare Poverty and Inequality Progressivism Public Opinion Reports Top Issues Updates
Report: Black Market Payday
How government price controls created an illicit supply of emergency credit.
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Report: Access Granted
Nationwide, chambers of commerce have mislabeled legitimate data aggregation as phishing to cover for their own digital security failures.
The coalition urges the CFTC to cut red tape on prediction markets and embrace permissionless innovation.
The CFPB’s outdated rule on small-dollar lending punishes working-class Americans by restricting access to the very credit they rely on to make ends meet.
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An Overdue Course Correction at the CFPB
Acting CFPB Director Russ Vought’s rollback of state enforcement overreach marks a critical return to legal restraint, restoring constitutional balance and regulatory clarity to America’s financial system.
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California Courts Culture Domestic Policy Energy & Environment Energy Economics Government Regulation Government Transparency and Accountability Infrastructure & Technology Legal Legal and Judicial Life New Mexico Political Thought Public Opinion Renewable Energy SPPI v New Mexico Taxation and Revenue Department Top Issues Transparency Transportation Updates
Albuquerque Journal Covers SPPI’s Legal Victory in Public Records Lawsuit
The victory guarantees access to public vehicle data to investigate the impact of EV mandates on vulnerable communities.
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Victory in Colorado: HB25-1282 Defeated
A harmful swipe fee price control bill was defeated in the Senate after passing the House, marking a major victory for economic freedom.