Consumer Finance
Credit access, rate caps, the CFPB, banking, payments and retirement savings.
-
Op-Ed
Who’s protecting consumers from the Consumer Financial Protection Bureau?
If CFPB found a financial institution had suffered a data breach of a similar magnitude, the fines and fees would be astronomical.
Originally published inFox News
-
Op-Ed
A public bank could crowd out community-based financial institutions
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:…
Originally published inAlbuquerque Journal
-
Press Release
SPPI Launches Bureau to Protect Financial Consumers
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…
-
Op-Ed
The myth of big-bank small-dollar loans
In response to Fred Nathan’s (July 30) op-ed praising New Mexico’s efforts to end predatory lending, I must assert that the celebratory tone is premature and misguided. Two significant studies conducted by the Southwest Public Policy…
Originally published inAlbuquerque Journal
-
Op-Ed
A Highwater Mark for Crypto Regulatory Clarity
The recent legal victory of Ripple Labs Inc. in the case brought by the U.S. Securities and Exchange Commission (SEC) over the sale of its XRP token marks a significant milestone for the cryptocurrency industry. This…
Originally published inNewsmax
-
Press Release
Pew Charitable Trust Scraps “Consumer Finance” Project After SPPI Debunks Pew’s Findings
Albuquerque, NM — The Pew Charitable Trusts has “archived” their Consumer Finance project and reassigned Alex Horrowitz as Project Manager of their Housing Policy Initiative. Earlier this year, the Pew Charitable Trusts released a study that…
-
Policy Brief
Safeguarding Access to Lending Services for Unbanked and Low-Income Americans
Last week, the Southwest Public Policy Institute joined Carrie Sheffield from the Independent Women’s Forum, Tirzah Duren from the American Consumer Institute, and Ann Petros from the National Association of Federally-Insured Credit Unions for the panel…
-
Op-Ed
Need a $200 Loan? You’re Mostly Outta Luck
Originally published at realclearmarkets.com on June 21, 2023 In New Mexico, an interest rate cap on specialized emergency loans when into effect in January. Since then, big-bank promoters have endorsed the small-dollar short-term loan products offered by U.S. Bank, Bank…
Originally published inRealClearMarkets
-
Event
SPPI President, Patrick Brenner, to Speak at Independent Women’s Forum Panel
We are thrilled to announce that Patrick Brenner, president of the Southwest Public Policy Institute (SPPI), will be representing SPPI as a distinguished panelist at the Independent Women’s Forum. The panel will test a simple, powerful…