Baptists Join Fight Against Payday Predators

A Tennessee Loan Shark on the Prowl Momentum is building to rein-in the legalized loan sharking that is payday lending. We recently introduced The Loan Shark Ledger — a chronicle of the usurious practices of payday lenders. Just this week, religious leaders representing a diverse group of faiths, including the Nashville-based Southern Baptist Convention, announced a bold […]

Share

Taking a Bite Out of Loan Sharks

  Last week, we introduced The Loan Shark Ledger — Tennessee’s chronicle of the legalized loan sharking that is payday lending. This week, I’m pleased to let you know people are taking notice. Two different news outlets reported on our efforts to rein-in the sharks. Here’s what they reported: Trapped in a Cycle of Debt – WKPT […]

Share

Introducing The Loan Shark Ledger

Legalized loan sharks in Tennessee can charge up to 375% for a payday loan. And the lobbyists for these predators are fighting to keep it that way. But, Tennessee Citizen Action is fighting back. We’re introducing The Loan Shark Ledger. It’s a weekly email newsletter aimed at keeping the loan sharks in check. We’ll give you news […]

Share

Thanks to Senators Alexander, Corker for Supporting CHIP

Last night, the Senate passed a two-year extension of funding for the Children’s Health Insurance Program (CHIP). Tennessee Senators Lamar Alexander and Bob Corker both voted in favor of this important funding extension. We appreciate the affirmative votes of our two Senators on this fundamental health security legislation.  The extension passed with bipartisan support.  We are happy to […]

Share

Insure TN: Bring it to a Vote!

This week, after winning two key committee votes, Insure TN — the Governor’s plan to expand Medicaid to some 280,000 Tennesseans — was rejected in the Senate Commerce Committee. While the bill has twice met an untimely defeat, there’s one last chance to revive the plan and improve the health security of Tennessee families. Legislative […]

Share

Conflicted Senator Green Should Resign from Commerce Committee

 Today, we’re calling on Senator Mark Green to resign from the Senate Commerce Committee: If Sen. Mark Green can’t vote on matters pertaining to health insurance, he doesn’t belong on the Senate Commerce and Insurance Committee and should resign, Tennessee Citizen Action Executive Director Andy Spears said. “We’re talking about issues that impact the health […]

Share

TN Loan Sharks Charging 375%

Yes. It’s true. Legalized loan sharks in Tennessee can charge up to 375% for a payday loan. Sometimes, these ruthless “lenders” will even offer a “first loan free” program because they know that more than 70% of borrowers will borrow again. And again. And again. The cycle of debt is what payday lenders depend on to […]

Share

Miscarriage of Justice Act Deemed Unconstitutional

Back in 2011, we told you all about Governor Bill Haslam’s “Miscarriage of Justice Act” — legislation that placed caps on damages in most personal injury and medical malpractice cases. We told you then that if the bill became law, hard working Tennesseans would be punished by a system that placed an arbitrary dollar value on a person’s […]

Share

STOP the SHARKS!

Payday lenders. They prey on the working poor and those least able to handle a financial emergency. They count on a cycle of debt in order to make ever-increasing profits. And Tennessee has some of the weakest regulations on these predators in the country. These modern-day loan sharks can charge more than 400% interest in Tennessee — […]

Share

Insure TN: The Time is NOW!

Tonight, Governor Haslam will lay out the details of his Insure TN plan – a plan to provide access to affordable health insurance to some 200,000 Tennesseans by expanding Medicaid. The legislature is slated to act this week on the proposal. Your action now can make a difference. Here are some highlights of the plan: […]

Share

Next Page »