Bad News for TN Motorists

Tennessee News Service reports on a dangerous new Tennessee law that impacts car buyers and motorists: There’s one more reason to read the fine print when buying your next car in Tennessee. A new law in the Volunteer State allows used car dealers to sell vehicles that are under a safety recall, as long as […]

Share

Mulvaney Undermines Consumer Bureau

Our friends at Allied Progress highlight Mick Mulvaney’s attempt to gut the Consumer Financial Protection Bureau (CFPB): It appears Mick Mulvaney is working at cross purposes. On the one hand he is working hard to keep certain government services open as director of President Trump’s Office of Management and Budget. On the other hand, as […]

Share

Trump Admin Coming for Worker Tips

January 19, 2018 by  
Filed under Issues, Recent Blog Posts, Workers Rights

Tennessee News Service reports on a rule change proposed by the Trump Administration that would change how tipped workers are compensated: The Department of Labor wants to rescind Obama-era rules that barred employers from seizing their workers’ tips. Researchers at the Economic Policy Institute found that the change could cost tipped workers overall $5.8 billion a year. […]

Share

Mulvaney Cozies Up to Loan Sharks, Faces Hurdles

Even as acting (and unlawfully appointed) CFPB Director Mick Mulvaney works to strengthen his relationship with predatory payday loan sharks, legal experts say significant obstacles may stand in his way. That’s surely welcome news to consumers. More from American Banker: The Consumer Financial Protection Bureau faces significant obstacles in reopening the payday lending rule, including […]

Share

Mulvaney: CFPB Destroyer?

Allied Progress out with a statement on Mulvaney’s latest action to undermine the agency he unlawfully heads: “This is essentially like asking the fox, in what order it would like to eat the hens? It is a troubling move from a man who is clearly hell bent on dismantling the agency he has been tasked […]

Share

Mick Mulvaney: Payday Industry Puppet

Our friends at Allied Progress have put together a collection of research highlighting Trump’s unlawfully appointed CFPB Director Mick Mulvaney’s ties to the legalized loan sharking industry. Here’s more: Yesterday, Mick Mulvaney’s Consumer Financial Protection Bureau (CFPB) announced it would waive compliance and reconsider its important new rule issued earlier this year that would have protected consumers […]

Share

Congress Should Oppose Abusive Debt Collection

Our friends at the National Consumer Law Center (NCLC) warn of legislation (HR 4550) that would allow debt collection attorneys to engage in abusive practices. MORE: This week, the House Financial Services Committee will vote on whether to open the floodgates to abusive litigation conduct by debt collection attorneys and debt buyers who work in […]

Share

Consumer Federation of America on Payday Rule

Tennessee Citizen Action is a proud member of the Consumer Federation of America. Here’s their statement on the Payday Lending Rule: Today, the Consumer Financial Protection Bureau (CFPB) announced plans to initiate a rulemaking that would allow the CFPB to reverse course on the CFPB’s final Payday lending rule. Last October, the CFPB finalized a […]

Share

Mulvaney Sides with Sharks

Statement from Americans for Financial Reform on today’s announcement from the CFBP concerning payday lending: Today, Mick Mulvaney, who was unlawfully appointed as acting director of the Consumer Financial Protection Bureau (CFPB) in November, announced his plan to reopen the consumer bureau’s rule on payday and car title loans, which are usually 300% annual interest or higher. The […]

Share

Payday Loans Create Debt Trap for Consumers

This story out of Indiana describes the reality of the payday predator debt trap: Payday loans, even a small amount, could end up costing you thousands in the long run, according to Indiana financial experts and a south side man who ended up filing for bankruptcy as a result of payday lending. Mike Webb, a […]

Share

Next Page »