Illinois
state of the United States of America
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Op-Ed
The Real World Intrudes On Sanders and Hawley’s Rate Cap
A national credit card rate cap may seem consumer-friendly, but history and state-level experiments shows it shrinks credit access and pushes borrowers toward costlier alternatives.
Originally published inRealClearMarkets
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Policy Brief
The Price of Credit: How Rate Caps Hurt America’s Cash Poor
“The road to hell is paved with good intentions.”
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Press Release
SPPI to Testify in Alaska Against Consumer Credit Price Control Bills
The Southwest Public Policy Institute (SPPI) has been invited to provide expert testimony in the upcoming legislative sessions for Alaska House Bill 145 and Alaska Senate Bill 264, which will take place on April 30, 2024.
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Policy Brief
Does the Mother Road Need Big Government?
Trait Thompson, executive director of the Oklahoma Historical Society, is now a member of the Route 66 Centennial Commission. Nominated by U.S. Sen. Mitch McConnell (R-KY), the bureaucrat joins representatives from Illinois, Missouri, Kansas, Texas, New…
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White Paper No. 4
No Loan for You, Too!
The unintended consequences of price controls on consumer access to credit.
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Policy Brief
We’re No. 17.5! We’re No. 17.5!
The latest research from the American Legislative Exchange Council offers more cause for optimism.
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Op-Ed
If I Can’t Get An ‘Emergency’ Loan From A Bank, It’s Not Clear Who Possibly Can
We tested the prediction that banks will step in when payday lenders face restrictions. They didn’t want our business.
Originally published inAmerican Banker
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Policy Brief
The Unintentional Consequences of Banning Specialized Emergency Loans
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…