“Rip-off Clause” May Come to an End

Lisa Gilbert and Lisa Donner note in The Hill today that the so-called “Rip-off clause” in financial contracts may soon come to an end thanks to the Consumer Finance Protection Bureau (CFPB). Specifically, they say: Known as forced arbitration, this system of bought-and-paid-for justice has worked out very well for what The New York Times […]

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TNCA Stands Against Forced Arbitration

Tennessee Citizen Action today joined 280 other groups from around the country in supporting the Consumer Finance Protection Bureau’s (CFPB) proposed rule restricting the financial industry’s use of forced arbitration. Here’s a press release explaining more: 281 organizations that advocate on behalf of consumers, students, civil rights, labor, small business, and more have sent a […]

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Time to End Forced Arbitration

Tennessee attorney Mark Chalos explains the harms of forced arbitration and why it’s time to end this anti-consumer practice. Arbitration was originally designed to streamline litigation costs for willing, legally savvy parties. The process has become a hidden tool used by corporations to avoid accountability for defrauding customers. A new federal rule would prohibit some […]

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A Look at the Legislature

My op-ed from today’s Tennessean on what the General Assembly accomplished (it’s not pretty) in 2016: We’ve come to understand that our state’s residents generally are safer when our General Assembly is not assembled. Things have become so laugh-to-keep-from-crying bad on Capitol Hill, it’s hard to pick just one “worst” bill of the year when […]

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Citizen Action Joins Groups Opposing HR 5112

Tennessee Citizen Action has joined a group of 43 National and State Organizations opposing H.R. 5112, legislation that would hinder the Consumer Financial Protection Bureau’s (CFPB) ability to rein-in abusive practices. Here’s the full text of the letter sent to Congress today: The undersigned organizations urge you to oppose H.R. 5112 or any similar bills that […]

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CFPB Under Attack from Dark Money Group

The Consumer Financial Protection Bureau (CFPB) is facing attacks from a secretly-funded group. The CFPB was created to protect consumers from predatory financial practices and may soon issue rules to rein-in payday lenders. As the time for those rules draws closer, the bureau faces fresh attacks from secret groups. Bill Moyers has more: Since it […]

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ALEC’s Influence in Tennessee

We’ve told you before about one of ALEC’s favorite Tennessee lawmakers, Senator Brian Kelsey. Now, a story from Rick Locker about ALEC’s super-sized influence at the General Assembly. Locker reports: Indeed, ALEC is ingrained in the Tennessee Legislature, particularly among majority Republicans. Eighteen Tennessee lawmakers spent just over $53,000 in taxpayer money to attend ALEC […]

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Casada vs. Consumers

The Tennessean reports that Rep. Glen Casada has a new enemy: Consumers seeking affordable housing in Tennessee. From the story: Legislation that would prohibit municipalities in Tennessee from mandating that developers include affordable housing in new residential development is headed to the desk of Republican Gov. Bill Haslam. The Tennessee House of Representatives voted 72-23 […]

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Marsha’s Payday

I’ve written before about U.S. Rep. Marsha Blackburn’s defense of the payday loan shark industry. Here’s more on what H.R. 4018, a bill she’s co-sponsored, would do. From the Chicago Tribune: The wonderful Florida law these folks want to protect results in effective annual interest rates of 312 percent. The proposed CFPB rules would put […]

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Middle Tennessee to Get Elder Justice Task Force

The Department of Justice this week announced the launch of 10 new Elder Justice Task Forces around the country, including one in the Middle District of Tennessee. From a press release: “Millions of seniors count on nursing homes to provide them with quality care and to treat them with dignity and respect when they are […]

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