Wells Fargo
American multinational banking and financial services company
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Policy Brief
Lip Service Masquerading as Credit Inclusivity
When Wells Fargo first rolled out its Flex Loan program, it was heralded by advocates like The Pew Charitable Trusts as evidence that America’s largest banks were finally offering an “affordable” alternative to short-term credit products.…
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Testimony & Comments
Fighting Back Against Rate Caps in Alaska: SPPI’s Testimony on Senate Bill 39
Last week, I had the opportunity to testify before the Alaska Senate Finance Committee on the dangers of Senate Bill 39, a proposal to impose a 36% APR cap on consumer credit. Additional testimony was submitted…
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Policy Brief
Why Alaska’s Senate Bill 39 Should Be Rejected: Lessons from New Mexico’s Failed Rate Cap
Alaska’s Senate Bill 39 (SB 39) proposes a 36% APR cap on consumer loans up to $25,000. The bill aims to regulate financial services, prevent “predatory” lending, and bring state laws in line with federal consumer…
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Policy Brief
The CFPB’s Desperate Eleventh-Hour Overreach
Rohit Chopra is lashing out with desperate, partisan overreach in his final days, prioritizing political agendas over consumer protection while creating regulatory chaos and undermining the legitimacy of his tenure and that of the CFPB.
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Policy Brief
The US Bank Simple Loan is Hardly Simple
The US Bank Simple Loan is a classic example of how big banks can take something simple and make it incredibly complex.
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Testimony & Comments
A Call for Prudent Consumer Credit Legislation in Alaska
Representing the Southwest Public Policy Institute, I recently had the opportunity to testify before the Alaska House Finance Committee and the Alaska Senate Community and Regional Affairs Committee regarding proposed legislation on consumer credit. The bills…
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Policy Brief
The Wells Fargo Flex Loan is Anything But Flexible
Wells Fargo’s Flex Loan program is a labyrinth of unclear eligibility requirements and a baffling case of vanishing funds.
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Op-Ed
The myth of big-bank small-dollar loans
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…
Originally published inAlbuquerque Journal
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Event
SPPI President, Patrick Brenner, to Speak at Independent Women’s Forum Panel
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…