Protecting Consumers from Financial Fraud

This post from the Economic Policy Institute helps explain why we joined with consumer advocacy groups from across the country to support the CFPB’s rule ending forced arbitration in financial contracts. While the House passed legislation aimed at reversing the CFPB rule, the Senate has yet to act. Here’s more from the EPI on why […]

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House Passes Bill Stripping Consumer Protections

National Consumer Law Center’s Lauren Saunders explains yesterday’s House action to overturn a key consumer protection provided by the Consumer Finance Protection Bureau. Tennessee Senator Bob Corker is sponsoring the anti-consumer measure in the Senate. More from NCLC on what this means: Yesterday, the U.S. House of Representatives voted to block a new Consumer Financial […]

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Corker Swims with Loan Sharks Preying on Tennesseans

It’s Shark Week! Tennessee’s Senator Bob Corker is swimming with the sharks — helping payday predators and big banks take a bite out of Tennessee consumers. We won’t stand for it! Here’s more from People’s Action on how you can bite back: It’s Shark Week again and the loan sharks are circling. With a bully […]

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Corker Stands Against Consumers

Tennessee Citizen Action stands with consumer advocates across the nation in support of the Consumer Finance Protection Bureau’s rule on forced arbitration. We believe consumers should have the right to seek corrective action in court when necessary. Today, Senator Bob Corker announced his co-sponsorship of legislation that would return power to big banks, predatory lenders, […]

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TNCA Celebrates Consumer Protection Win

FOR IMMEDIATE RELEASE July 10, 2017 CONTACT:    Andy Spears, 615.815.4544 or andy@tnca.org Tennessee Citizen Action Celebrates New Rule to Restore Consumers’ Ability to Enforce Rights and Protections in Court Today, the Consumer Financial Protection Bureau (CFPB) finalized its rule to restore consumers’ right to join together in challenging financial fraud and scams in court. The […]

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Payday Loans Called “Ridiculous”

That’s the statement from Chattanooga City Council member Carol Berz after that city’s Mayor’s Council on Women released a study on payday lending. Here’s more from the Chattanooga Times-Free Press: In a new assessment of short-term payday loans, the Chattanooga Mayor’s Council on Women said such loans cost borrowers too much, are too frequently rolled […]

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No Free Pass for Wall Street

From our national partners at People’s Action: Elizabeth Warren calls them “tricks and traps.” She meant all the sleazy ways big banks, predatory lenders, and debt collectors work to take billions of dollars from our families. They’re the same schemes that crashed the economy in 2008 — leaving people without jobs, without houses, and causing […]

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Tell Congress: Don’t Gut the Rules on Wall Street

Tennessee consumers depend on the protections provided by the Consumer Financial Protection Bureau (CFPB) — that’s why it’s so disappointing to see lawmakers like David Kustoff of TN’s 8th Congressional District support the Wrong CHOICE Act that would gut critical consumer protections. Here’s more about why Wall Street needs a strong cop on the beat […]

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Send a Message on the Wrong CHOICE Act

Consumers and community groups all across TN are joining together to oppose the Wrong CHOICE Act. Call your Representative to vote NO on rolling back consumer protections: (202) 224-3121. Learn more about the Wrong CHOICE Act and how you can stop it!   For more on consumer protection in the financial services industry, follow @TNCitizenAction […]

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Making Prepaid Cards Better

Prepaid cards are a growing segment in the financial sector — a way to get paid and to pay bills. Eric Johnson, Dean of Vanderbilt’s Owen Graduate School of Management, wrote recently that it’s important these cards have protections in place for consumers. Here’s some of what he had to say: Nearly a third of […]

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