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Wonk Wednesday: Predatory Lending

Metro Ideas Project
Event organized by Metro Ideas Project

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Wonk Wednesdays are a happy hour all about public policy and the ideas that drive it. We choose a big question or theme to spark lively dialogue about the issues that impact us most in our local communities.

This month we'll be tackling predatory lending. For many Americans, loans and banking go hand in hand. Borrowing money from an institution typically requires a traditional financial provider, such as a bank or credit union, to underwrite that loan. But many of those facing tough financial situations have few options but to turn to nontraditional, and often less scrupulous, lenders. Predatory lenders ensnare individuals in cycles of debt by charging incredibly high interest rates and fees, leaving borrowers more indebted than when they first took out the loan.

Join us as we discuss alternative models to curb predatory lending, and policy proposals that we put forward in our recent report: Fighting Predatory Lending in Tennessee. https://metroideas.org/projects/fighting-predatory-lending-in-tennessee/

This month we’re featuring Dipped Fresh catering for hors d'oeuvres, and OddStory Brewing Company beer and wine will be available for those 21+