In this podcast episode, we discuss the aftermath of the AFSA 2023 Independents Conference & Expo, where Patrick Brenner, President of the Southwest Public Policy Institute (SPPI), presented findings from the "No Loan for You!" report. The report sheds light on how the war on specialized emergency lending is negatively impacting the unbanked and underbanked […]
Topic: Payday loan
Jack Radomski and Brandt Kringlie are the inaugural recipients of the Marianne T. Anderson Memorial Fellowship.
Patrick Brenner has been invited as a speaker and panelist to discuss SPPI’s report “No Loan for You!” and how the war on specialized emergency lending is hurting the American Southwest.
We tested the prediction that banks will step in when payday lenders face restrictions. They didn’t want our business.
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.
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 […]