The lending that is payday contributed thousands and thousands of bucks to Tennessee lawmakers given that industry pressed for a brand new kind of loan into the state, NewsChannel 5 Investigates discovered.
The versatile Credit Act created flex loans and legalized their 279% apr. It sailed through the typical Assembly in 2014, moving unanimously when you look at the continuing state Senate in accordance with bipartisan help inside your home. Continue reading “Lawmakers Took Payday Cash, Asked questions that are few”