A dark money school privatization group also shares something in common with Tennessee’s payday lending political interests. Tennessee First, a political action committee (PAC) is funded largely by contributions from the payday and title loan industry.
Just before the 2020 legislative session, a political action committee (PAC) called Tennessee First doled out some $38,000 in cash to various Tennessee lawmakers. Where does Tennessee First get money? $20,000 came from Advance Financial. Another $7500 came from Community Choice Financial. To top it off, the Tennessee Title Pledge PAC emptied its coffers – $5661.60 – to Tennessee First. So, $33,161.60 of the $38,750 distributed came directly from payday and title lenders.
So, it’s pretty clear Tennessee First is the vehicle of choice used by payday predators to distribute campaign cash. Who else funds the debt trap lending PAC? Well, $5000 came from a group called Tennesseans for Student Success. That’s the same group involved in at least one Nashville School Board race as well as a primary challenge to incumbent House member and public school advocate Mike Stewart.
You may recall Tennesseans for Student Success for their online attacks against Republicans who opposed Gov. Bill Lee’s school privatization agenda.
It really should come as no surprise that TSS chose to use a pro-payday lending PAC as its vehicle for distributing campaign cash. It’s a group that’s no stranger to shady tactics. It’s worth noting, though, that on June 29th of this year, a group called TEAM KID PAC filed papers with the Tennessee Registry of Election Finance. Who funds TEAM KID PAC? The initial $10,000+ contribution came from Tennesseans for Student Success. So, now when you see candidates boasting of support from TEAM KID, you’ll know that really means the same dark money group that likes to associate with legalized loan sharks.
For more on education politics and policy in Tennessee, follow @TNEdReport
Your support – $5 or more – makes publishing education news possible.