If CFPB found a financial institution had suffered a data breach of a similar magnitude, the fines and fees would be astronomical.
Topic: New Mexico
state of the United States of America
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: by restricting the interest rates that small-dollar lenders can charge, the rate cap effectively marginalized an entire segment of […]
The Southwest Public Policy Institute (SPPI) has announced its support for the impeachment efforts against Governor Lujan Grisham led by Representative Stefani Lord. This nonpartisan movement of Republicans, Democrats, and New Mexicans across the state is seeking to protect the Constitutional rights of all New Mexicans. This emergency order has received stark criticism from across […]
New Mexico stands on the cusp of a golden era, with its oil and gas boom enriching the state’s coffers to unprecedented levels. Now is the time to ensure that this wealth directly benefits the very people who make New Mexico vibrant and unique: its residents. Drawing inspiration from Alaska’s Permanent Fund Dividend (PFD), it’s […]
In 1986, Ronald Reagan quipped that the “nine most terrifying words in the English language are: ‘I’m from the government, and I’m here to help.’” Well, New Mexico’s government is “helping” again. In July, Gov. Michelle Lujan Grisham announced regulations for “Advanced Clean Cars and Advanced Clean Trucks.” The dictates — crafted by New Mexico […]
If you’re a homeschooling parent, an exciting development in Utah offers your family an impressive benefit. Earlier this year, lawmakers in Salt Lake City created the Utah Fits All Scholarship, putting the Beehive State in the forefront of the Education Saving Account movement. What does that mean? Starting in the 2024-25 school year, all K-12 […]
Albuquerque, NM — The Southwest Public Policy Institute (SPPI) today expressed its disappointment with the New Mexico Secretary of State’s office over the unexpected delay in finalizing a previously announced settlement agreement. Despite receiving verbal confirmation of a settlement, and a statement from Linda Bachman, Director of Legislative and Executive Affairs for the Secretary of State’s office, […]
A gusher of opportunity in the Permian Basin, as Kern County faces a frightening future.
Albuquerque, NM – The Southwest Public Policy Institute (SPPI), a non-profit organization dedicated to transparency and integrity in public policy, announced today that it has initiated a lawsuit against the City of Albuquerque and Ethan Watson, in his official capacity as the City Clerk, alleging violations of the New Mexico Inspection of Public Records Act […]
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 Institute — “No Loan For You!” published in March 2023 and “No Loan For You, Too!” published in June […]