May 2016

People who put their cars up as collateral for what are supposed to be short-term emergency loans are being hit with 300% interest rates, a high repossession rate and long repayment periods.SUV being loaded onto a tow truck…

A report released Wednesday by the federal Consumer Financial Protection Bureau found high rates of vehicle repossession and long-lasting debt within the auto title lending industry.Auto title loans are meant to…

Most borrowers who take out a one-time payment car title loan end up borrowing again because they can't afford to make the payment when due, according to a new federal study.That's why much of the auto title business comes from borrowers…

According to a report released Tuesday by the Consumer Financial Protection Bureau, payday loans aren't the only type of expensive consumer credit that started out as a short-term financial fix but often turns into a long-term debt…