We tested the prediction that banks will step in when payday lenders face restrictions. They didn’t want our business.
Topic: Illinois
state of the United States of America
The deregulation answer to inadequate access
How the war on specialized emergency loans has hurt New Mexicans.
Specialized emergency lenders play a crucial role in providing access to credit for individuals who may not qualify for traditional loans from banks or credit unions, and can be a lifeline for those facing unexpected expenses or a temporary financial setback.
At this time of uncertainty in the global marketplace, it is imperative to promote competitive and efficient supply chain solutions for the good of American economic security and competitive markets.
Categories
SPPI Job Index: Dark Clouds Are Gathering
Today’s fresh employment numbers from the U.S. Department of Labor’s Bureau of Labor Statistics are concerning.
States throughout the region boast a wide disparity of economic recovery in the aftermath of the pandemic.
FOR IMMEDIATE RELEASE Rio Rancho, NM – Patrick Brenner, founder and president of the Southwest Public Policy Institute, called out the Better Business Bureau’s (BBB) misleading attack on small-dollar lending in a new report. “While the report includes dozens of false assertions about the industry – from using the meaningless metric of APR, to making […]
Kip MorseChief Executive OfficerBetter Business Bureau3033 Wilson Blvd, Suite 600Arlington, Virginia 22201 Dear Mr. Morse, We are seeking clarifications regarding a new report published by your organization on small-dollar lending on September 1, 2022. https://www.bbb.org/all/scamstudies/payday_loan_scams_study.html While the report includes dozens of false assertions about the industry – from using the meaningless metric of APR, to […]
Originally published at Santa Fe New Mexican on June 11, 2022. Earlier this year, as New Mexico debated legislation limiting to 36 percent the annual percentage rate for consumer loans in the state, the primary witness testified in support of the bill before the Consumer and Public Affairs Committee. Claims were made that do not hold […]