Here’s the real reason why payday loans are such a huge problem

May 18, 2016

A new study from the Consumer Financial Protection Bureau shows how easy it is for cash-strapped borrowers to fall into a vehicle title loan debt trap. Auto title loans share many of the same nefarious qualitie...

Are auto title loans predatory? A federal study raises concerns.

William E. Wilkinson

May 18, 2016

Apartments Rate

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.Aut...

One-time payment car title loans can cause long-term debt

William E. Wilkinson

May 18, 2016

Apartments Rate

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 bu...

Consumer watchdog turns its attention to auto loans

William E. Wilkinson

May 17, 2016

Apartments Rate

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

Monthly Archives May 18, 2016