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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Holding Government Officials Accountable

Tennesseans should be able to count on their government officials to show up to work and advocate for what’s best for our state. When they don’t, we work to hold them accountable. Newschannel5’s Jennifer Kraus reports on Tennessee’s Commissioner of Commerce and Insurance – the state’s top insurance regulator — and her tendency to be […]

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Fighting for Lara

For the past two years, we’ve worked with Jay and Gerri Gass on legislation known as “Lara’s Law” that would prevent used car dealers from selling cars under recall until they are repaired. We told you about how lawmakers on the Senate Transportation Committee refused to even grant the bill a hearing. Here’s a story […]

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Military, Veterans Groups Stand up for CFPB

A coalition of military and veterans groups sent a letter to congressional leaders recently stand up in support of the Consumer Financial Protection Bureau (CFPB). Here’s what they had to say: Dear Chairmen Crapo and Hensarling & Ranking Members Brown and Waters: We, the undersigned representatives of organizations who advocate for our nation’s military servicemembers, […]

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Protecting Prepaid Card Users

It’s up to Congress. NewsChannel5 reports: Currently, prepaid cards are not required to carry the same fraud protections as standard credit or debit cards and can come packed with hidden fees that can quickly reduce available funds.  A new rule finalized by the Consumer Financial Protection Bureau last October sets an industrywide standard on fee […]

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Wells Fargo’s False Promises

Forced arbitration. Bad for consumers, great for banks and other big businesses. Wells Fargo forced customers into forced arbitration, attempting to prevent class action suits and mitigate the impact of other legal claims against the scandal-ridden big bank. The L.A. Times reports: We’ve pointed out before that big companies like Wells Fargo love to force […]

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The CFPB’s Prepaid Card Rule Protects TN Consumers

A new rule from the Consumer Financial Protection Bureau gives all prepaid cards the basic fraud protections that cover debit cards; provides a simple, uniform chart to prevent hidden fees; tells employees about the fees on payroll cards and their choices for receiving wages; and limits excessive overdraft features on the few prepaid cards with […]

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Your Car May Kill You, Your Legislature Doesn’t Care

Used cars with safety recalls can be dangerous, even deadly. So, of course, a car dealer can’t sell you that used car with an open safety recall unless it has been repaired, right? Wrong. Current law does not prevent the sale of a used car with an open safety recall. And safety recalls kill. A […]

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Tell Our Senators: Don’t Go Nuclear!

We’ve been working week after week with our friends from Nashville Indivisible to let Senators Alexander and Corker know we expect them to actively resist the Trump agenda. Now, we can get a big win – and we need their help. Senator McConnell is threatening to use the “nuclear option” to end the Senate filibuster. […]

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Defend the CFPB’s Prepaid Rule

Our friends at the National Consumer Law Center sent this important message — defending the consumer protections provided by the CFPB is very important: We found out late last week that the new Congress may soon vote on its first attack on the Consumer Financial Protection Bureau and its work to protect consumers. A vote […]

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