Jun 3 2016
12:58 pm

The Payday Loan industry pays your TN lawmakers to keep its predatory loan shark business insanely profitable.

“Tennessee families pay more than $400 million a year in payday and car title lending fees,” Spears told reporters. “The average Tennessee borrower pays $490 in fees to borrow $300 for five months.”

Want to know why your state officials don't work for you? Look at their campaign financial statements!

Payday and title loan companies have contributed at least $2.1 million to Tennessee political candidates and committees between 2010 and 2014, said Spears, who added that has left “the deck so clearly stacked against Tennesseans.”

Noting he met a wall over the last two years pushing some proposed curbs in the Legislature, Spears said “we don’t have $2.1 million to give to Tennessee politicians.”

The numbers work out to spending $400,000 on your legislature gets them $400,000,000 in profits. I think our legislators are selling us out for way too little money. They should demand much more.


Eco Warriors and Politics

Science and Stuff

Lost Medicaid Funding

To date, the failure to expand Medicaid / TennCare has cost the State of Tennessee ? in lost federal funding.