<p>More than a dozen borrowers told the Tennessee Lookout and ProPublica that Advance Financial encouraged them to borrow more money after making minimum payments.</p><p>The lender went on to sue them once they couldn’t pay back the loan.<br><a href="https://www.propublica.org/article/flex-lenders-reborrow?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/flex-lenders-reborrow?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post"><span class="invisible">https://</span><span class="ellipsis">www.propublica.org/article/fle</span><span class="invisible">x-lenders-reborrow?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</span></a></p><p><a href="/tags/news/" rel="tag">#News</a> <a href="/tags/tennessee/" rel="tag">#Tennessee</a> <a href="/tags/personalfinance/" rel="tag">#PersonalFinance</a> <a href="/tags/debt/" rel="tag">#Debt</a> <a href="/tags/poverty/" rel="tag">#Poverty</a> <a href="/tags/law/" rel="tag">#Law</a></p>
personalfinance
<p>Many of the same Republican lawmakers who have targeted the Consumer Financial Protection Bureau for cuts have collectively directed thousands of constituents’ complaints about banks, credit cards, loans and other products to the agency.</p><p><a href="https://www.propublica.org/article/cfpb-budget-cuts-gop-darrell-issa-john-cornyn?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/cfpb-budget-cuts-gop-darrell-issa-john-cornyn?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post"><span class="invisible">https://</span><span class="ellipsis">www.propublica.org/article/cfp</span><span class="invisible">b-budget-cuts-gop-darrell-issa-john-cornyn?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</span></a></p><p><a href="/tags/news/" rel="tag">#News</a> <a href="/tags/gop/" rel="tag">#GOP</a> <a href="/tags/consumer/" rel="tag">#Consumer</a> <a href="/tags/personalfinance/" rel="tag">#PersonalFinance</a> <a href="/tags/uspolitics/" rel="tag">#USPolitics</a> <a href="/tags/government/" rel="tag">#Government</a></p>
<p>Before Tom Dundon Agreed to Buy the Portland Trail Blazers, Oregon Accused the Company He Created of Predatory Lending<br>---</p><p>In 2020, the state sued Santander Consumer USA for allegedly preying on Oregonians through high-interest car loans they couldn’t afford in a case involving more than 265,000 borrowers nationwide.<br><a href="https://www.propublica.org/article/tom-dundon-portland-trail-blazers-subprime-loans?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/tom-dundon-portland-trail-blazers-subprime-loans?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post"><span class="invisible">https://</span><span class="ellipsis">www.propublica.org/article/tom</span><span class="invisible">-dundon-portland-trail-blazers-subprime-loans?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</span></a></p><p><a href="/tags/news/" rel="tag">#News</a> <a href="/tags/portland/" rel="tag">#Portland</a> <a href="/tags/oregon/" rel="tag">#Oregon</a> <a href="/tags/nba/" rel="tag">#NBA</a> <a href="/tags/personalfinance/" rel="tag">#PersonalFinance</a></p>
<p>NEW: How Tennessee’s Speaker of the House Helped Keep a Payday Lender’s Struggling Sports Gambling Company Alive</p><p>Cameron Sexton took steps that allowed the owners of a payday lending company, Advance Financial, to keep using their stores to boost a now-defunct online sports betting enterprise.</p><p><a href="https://www.propublica.org/article/tennessee-sports-gambling-action247-loans" rel="nofollow" class="ellipsis" title="www.propublica.org/article/tennessee-sports-gambling-action247-loans"><span class="invisible">https://</span><span class="ellipsis">www.propublica.org/article/ten</span><span class="invisible">nessee-sports-gambling-action247-loans</span></a></p><p><a href="/tags/news/" rel="tag">#news</a> <a href="/tags/tennessee/" rel="tag">#tennessee</a> <a href="/tags/gambling/" rel="tag">#gambling</a> <a href="/tags/government/" rel="tag">#government</a> <a href="/tags/personalfinance/" rel="tag">#personalfinance</a> <a href="/tags/sports/" rel="tag">#sports</a></p>
<p>Under the Trump administration, two of the three major credit bureaus have sharply reduced the share of complaints they resolved in customers’ favor.</p><p>In 2024, Experian’s relief rate was 20%. Last year, that figure fell to less than 1%.</p><p>Read our full investigation: <a href="https://www.propublica.org/article/credit-report-mistakes-cfpb-experian-transunion?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/credit-report-mistakes-cfpb-experian-transunion?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post"><span class="invisible">https://</span><span class="ellipsis">www.propublica.org/article/cre</span><span class="invisible">dit-report-mistakes-cfpb-experian-transunion?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</span></a></p><p><a href="/tags/data/" rel="tag">#Data</a> <a href="/tags/finance/" rel="tag">#Finance</a> <a href="/tags/personalfinance/" rel="tag">#PersonalFinance</a> <a href="/tags/credit/" rel="tag">#Credit</a> <a href="/tags/trump/" rel="tag">#Trump</a> <a href="/tags/dataviz/" rel="tag">#DataViz</a> <a href="/tags/research/" rel="tag">#Research</a> <a href="/tags/journalism/" rel="tag">#Journalism</a></p>
