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 of America, Wells Fargo, Huntington Bank, and others as alternatives. Recently, those same activists have thrown in support for […]
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 idea: how do we ensure fair lending policies for vulnerable Americans; and will bring together experts to address the […]
The unintended consequences of price controls on consumer access to credit.
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How the war on specialized emergency loans has hurt New Mexicans.