This Lender Said Its Loans Would Help Tennesseans. It Has Sued More Than 110,000 of Them.
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The Flex Loan, a type of payday loan pioneered by Advance Financial, has burdened low-income borrowers while generating huge profits for lenders. Tennessee lawmakers declined to rein in the lending business, even as other states did.
https://www.propublica.org/article/flex-loans-tennessee-advance-financial?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post