LAWSUITS NEWS & LEGAL INFORMATION
Car Title Loan Legal News Articles & Interviews
May 5, 2017. By Gordon Gibb.
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.Read [ Calls for Increased Regulation of Car Title Loans Increasing ]
April 24, 2017. By Gordon Gibb.
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.Read [ Lack of State Oversight Prompting Texas City to Act ]
March 13, 2017. By Gordon Gibb.
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.Read [ The Predatory Lending Cycle of the Car Title Loan ]
February 10, 2017. By Gordon Gibb.
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.Read [ $15.3 Million Settlement over Predatory Lending ]
January 8, 2017. By Gordon Gibb.
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.Read [ Unfair Car Title Loans a Growing Trend ]