The Tennessee State Funding Board — the group responsible for setting the revenue projections used in state budgeting — met this week and got it wrong. Again. Like they do every single year.
Why does this even matter? Well, the Funding Board estimates are used to determine the parameters for…
Tennessee Gov. Bill Lee is seeking to reallocate the school funding pie in a state that historically earns low marks for its investment in schools. …
Consumer finance advocates at the Woodstock Institute are applauding an action by installment lender Oportun that retroactively honors a 36% rate cap on interest for loans in Illinois. The group is now calling on other lenders to follow suit and offer customers refunds. …
Consumer protection legislation that would cap rates on payday and car title loans at 36% has been introduced in the House of Representatives. The bipartisan bill is a companion to similar legislation filed in the Senate in August. …
This story notes that Microsoft is getting into the buy now, pay later loan business by way of its Edge browser:
Microsoft is always trying new stuff with its Edge browser, and its latest move is rather interesting. …
A recent court ruling in North Carolina could result in billions in new investment in public schools there. A judge ruled that the state must develop a plan to add $1.7 billion in funding to the state’s schools — the state has 30 days to respond.
Consumer advocates over at DebtHammer are warning that excessive borrowing to finance this year’s Holiday spending could lead to a debt trap that results in a lump of coal that lingers long after the stockings are put back in storage.
According to a recent survey conducted by DebtHammer, a majority…
Elise Hansen in Law360 reports that Rent-A-Center subsidiary Acima is facing an investigation from nearly 40 state attorneys general as well as the Consumer Financial Protection Bureau (CFPB).
Texas-headquartered Rent-A-Center Inc. said in a regulatory filing that it received a letter from Nebraska’s attorney general on Nov. 1 stating that…
In a state that continues to earn failing grades in school funding, community groups in Nashville, Memphis, and Chattanooga are calling on Gov. Bill Lee and legislative leaders to both increase school funding and update the BEP with a focus on equity.
Here’s an open letter penned by the groups:
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As Tennessee Gov. Bill Lee holds town hall meetings across the state in an effort to examine ways to change the state’s school funding formula (known as the BEP), advocates are pointing to the urgent need to boost overall funding.
