Bad News for Predatory Lenders 

After a ceremony at the Main Library Wednesday that was attended by an all-star assembly of legislative leaders, by Mayors Herenton and Wharton, and by other luminaries, both city and state, Governor Phil Bredesen signed into law a far-reaching bill to curtail predatory lending practices in Tennessee. Given special credit for his efforts in starting the bill toward passage was Memphis lawyer Frank Glankler, cited by one speaker as the “tough ex-Marine who said, ‘This is wrong, and we’ve got to stop it!’” Here Glankler gets a congratulatory handshake from Bredesen. The bill restricts high-interest lenders from charging excessive fees and rapid refinancing and provides appropriate penalties.
Favorite

Comments

Subscribe to this thread:

Add a comment

ADVERTISEMENT
ADVERTISEMENT

The Latest

News Feature

Driving High

Music Features

Review: Fresh Releases from Memphis Artists

The Rant

Grit and Groan

Viewpoint

Internet Married

We Recommend

Celebrate Independence Day with the Redbirds

We Recommend

Mid-South International Festival Comes to Railgarten

Food & Wine

Think Big

Politics Feature

County Commission Continues Budget Battle

Cover Feature

Memphis: City of Song ... and Songwriters

ADVERTISEMENT

More by Flyer Staff

Readers also liked…

ADVERTISEMENT
© 1996-2019

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Inside Memphis Business
Powered by Foundation