Last week, I had the opportunity to testify before the Alaska Senate Finance Committee on the dangers of Senate Bill 39, a proposal to impose a 36% APR cap on consumer credit. Additional testimony was submitted to the Senate Labor and Commerce Committee before the bill was advanced to the Senate Finance Committee. This legislation […]
A public bank is a forced gamble with taxpayer dollars that ignores market realities, mandates risky lending, and risks compounding the damage caused by the artificial credit crisis created by New Mexico’s interest rate cap.
SPPI’s reports, OLA’s studies, and the FDIC’s findings highlight the urgent need to protect credit access for unbanked and underbanked households.
We are excited to announce that Patrick M. Brenner, President of the Southwest Public Policy Institute (SPPI), will be attending this year’s Lend360 conference in Nashville! As one of the leading voices in financial services policy, Patrick will be on-site to discuss SPPI’s latest groundbreaking research advocating for the online lending industry. At SPPI, we […]
The recent “upgrade” to GovLoans.gov has turned into a major security risk, with antivirus alerts flagging the official site as potentially malicious.
Colorado’s HB23-1229 threatens consumer access to credit and economic growth.
In a move that was as predictable as it is alarming, the Consumer Financial Protection Bureau (CFPB) has once again overstepped its bounds, targeting immensely popular Buy Now, Pay Later (BNPL) tools. As I anticipated, the Supreme Court’s decision to uphold the CFPB’s funding mechanism has emboldened the agency to ramp up its aggressive regulatory […]
The US Bank Simple Loan is a classic example of how big banks can take something simple and make it incredibly complex.
The Southwest Public Policy Institute warns that this decision will embolden regulatory overreach and drive consumer prices up.
The Southwest Public Policy Institute applauds the Alaskan Senate Finance Committee’s decision to not advance House Bill 145 and Senate Bill 264, ensuring continued consumer access to diverse emergency credit options.
