US Senator Lamar Alexander (R-Tenn.) today on the Senate floor proposed legislation that would reduce interest rates on student loans by 1.5 percentage points, saving the average Tennessee student up to 00 in interest over ten years.

Minutes into Wells Fargo Chairman of the Board & CEO John Stumpf’s talk at the Carlson School of Management’s “First Tuesday” luncheon, a group of about 10 protesters at a table stood up and began yelling, waving a banner that said “Tales of Wells Fargo” decrying the bank’s lending policies. Police escorted the group outside, where about 50 union members, students and community activists were staging a demonstration.SEIU Local 284, which co-sponsored the protest, represents school and child care workers. Outside, students, educators, homeowners and labor activists rallied near the University of Minnesota’s McNamara Alumni Center to tell Wells Fargo CEO Jon Stumpf to change policies trapping Minnesotans under “chains of debt.” “Many in our community and our country rightfully believe that Wells Fargo and the other powerful, dominant banks have done much harm to our economy, and our future and the future of our children. We suffer under staggering debt while the real wages of working families have been stagnant for a generation,” said Carol Neiters, Executive Director of SEIU Local 284. Participants in the rally said that they and other community groups had attempted to schedule a meeting with Wells Fargo executives but been rebuffed. They want the bank to discuss proposals for the bank to adopt policies in the public interest including lower interest rates on student loans, underwrite interest and fee free on K-12 public education borrowing, stop home foreclosures …
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