For exceptional achievement in ignoring market realities and promoting policies that backfire spectacularly.
Category: Poverty & Welfare
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.
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Conservatism Courts Crime and Justice Culture Domestic Policy Economic Opportunity Economy Government Regulation Health Care Legal and Judicial Life Markets and Finance Medicaid Medicare New Mexico Political Thought Poverty & Welfare Poverty and Inequality Progressivism Public Opinion Top Issues Transparency Updates
‘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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Budget and Spending Conservatism Culture Domestic Policy Economic Opportunity Economy Energy & Environment Energy Economics Government Regulation Government Spending Infrastructure & Technology Life Markets and Finance Nuclear Energy Political Thought Poverty & Welfare Poverty and Inequality Progressivism Public Opinion Security Technology Top Issues Transparency Updates
SPPI Continues Global Engagement Through Partnership with Global Ties
A visiting European delegation through Global Ties discussed how regional think tanks like SPPI influence U.S. foreign policy.
The CFPB’s outdated rule on small-dollar lending punishes working-class Americans by restricting access to the very credit they rely on to make ends meet.
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Budget and Spending Conservatism Courts Culture Domestic Policy Economic Opportunity Economy Government Regulation Government Spending Infrastructure & Technology Legal and Judicial Life Markets and Finance Political Thought Poverty & Welfare Poverty and Inequality Progressivism Public Opinion Technology Transparency Updates
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.
National media coverage affirms the importance of preserving consumer choice and innovation in financial matchmaking.
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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.