Tag: interest rates

Pritzker signs law to cap high interest payday loans and securities lending | Latino voices | Chicago News

Governor JB Pritzker signed the Illinois Predatory Lending Prevention Act late last month, which caps annual interest rates on short-term loans at 36%. The law, which took effect immediately, has… Read more »

Research data suggests Canadians are turning to expensive car title loans during recession – National

If internet search trends are a window into the minds of consumers, a recent report suggests that a growing number of Canadians are considering unwise financial options, observers say. Amid… Read more »

Canadians show increased interest in high interest auto securities lending during recession

CALGARY – If internet search trends are a window in the minds of consumers, a recent report suggests that a growing number of Canadians are considering unwise financial options, observers… Read more »

Consumer advocacy group hopes elected officials close auto loan ‘loophole’ | New

ATLANTA (CBS46) —A consumer group is pushing Georgian elected officials to pass a law the group says will prevent lenders from taking advantage of consumers. A representative for Georgia Watch,… Read more »

Auto title lending capped in Georgia Senate bill – news – the Augusta Chronicle

ATLANTA – The practice of pledging car title to make ends meet could become a bit more restrictive in Georgia under a bill with bipartisan backing. By using a vehicle… Read more »

Lawmakers seek to end triple-digit interest on payday loans and car titles

By Charlene Crowell / NNPA Newswire A group of Washington lawmakers are joining forces and influence to legislate a crackdown on predatory lending nationwide. Seventeen U.S. House lawmakers and eight… Read more »

Lend a Hand program helps Arizonans repay car title loans

Four community-focused organizations are launching a program to rescue Maricopa County residents struggling to pay off high-cost title loans and help put them on the path to healthy credit and… Read more »

Auto title loans offer quick cash for holidays, but critics warn of rising debt – Reuters

Scott Sweetalla, an auto loan customer, had his car repossessed by a lender due to high interest rates. “The money you would get from these people is not worth what… Read more »