NEW: A Tennessee lender told legislators its new product, the Flex Loan, would help residents. In the 10 years since getting approval for it, the company has sued over 110,000 borrowers. With @tennesseelookout.com
propublica.orgThis Lender Said Its Loans Would Help Tennesseans. It Has Sued More Than 110,000 of Them.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…