Car Title Loan Legal News Articles & Interviews

Mansfield, TX: The advertisements are everywhere: on television, and on the radio in practically every state in the nation. Easy money, provided you own your own vehicle within a certain age parameter. If you own your car, you can qualify for a car title loan on the spot. It’s quick and easy.

Abilene, TX: Texas is one of two US states (the other being New Mexico) that as yet does not observe any kind of blanket arbitration protocol for the resolution of disputes involving the car title loan. The latter is a form of financing akin to a payday loan that extends quick cash to consumers, often with no questions asked and exorbitant annual rates of interest that can run into the hundreds of percent.

Fort Worth, TX: The greed from need cycle of car title loans is far from new. In February, 2015 the Star-Telegram (02/14/15) in Fort Worth was reporting that the average resident of Texas was about $40,000 in debt. The car title loan was one quick and easy way for Texans to deal with short-term financial crises, such as a family emergency.

Richmond, VA: An alleged purveyor of predatory lending is facing a settlement in excess of $15 million following protracted litigation lasting years and involving various interpretations pertaining to whether, or not the defendant(s) claims to immunity from state laws were legal, or justified.

Washington, DC: As consumers enter into loan agreements with the best of intentions, loan providers often don’t come to the party with equal good faith. To that end, The Consumer Financial Protection Bureau (CFPB) in June of last year included car title loans in new proposals aimed at tightening regulations, and preventing loan providers from fleecing well-meaning consumers.