Title loans provide a fast lane to cash, debt Rapidly growing industry lets people put up a car to get a few hundred dollars at 300% annual interest
Perched in her aging Toyota, Misty Boyer ticked off the circumstances that had led her to Wisconsin Title Loans Inc. to borrow money at the annual equivalent of 300% interest: She'd lost her old job Oct. 1 and wouldn't get paid at her new one until Dec. 11. Her mother-in-law-to-be had booted her

Publication: The Milwaukee Journal Sentinel

Car title loans face 36 percent cap.
Byline: Bill Graves Jun. 3--The Oregon Senate has approved a bill capping interest rates on car title loans at 36 percent, bringing the short-term lenders under regulations adopted for payday loan stores. The Senate voted 18-9 Friday in favor of House Bill 2204, which passed earlier in the House.

Publication: ORian (Portland, OR)

Car title loans drive officials' concerns; Lawmakers look to alter laws opening door to high interest rates
Calling it "the most abusive lending practice in the state," Iowa Attorney General Tom Miller has launched an investigation into the high-interest car title loan business, after a move to reform the system faltered in the Iowa Legislature last session. Miller said he can't talk about the ongoing

Publication: Telegraph - Herald (Dubuque)

Florida's Crackdown on Car Title Loans May Spur Georgia.(Knight Ridder/Tribune Business News)
Oct. 5--Quick cash for car titles. It's the bank of the desperate. The business is booming in Florida, despite legal interest rates of 264 percent a year. But on sullied coattails, the business is accused of dragging in unsavory elements. One title lender is suspected of dealing with mobsters;

Publication: Knight Ridder/Tribune Business News

Daily Press, Newport News, Va., Tamara Dietrich column: Lawmaker takes interest in car-title, payday loans.
Byline: Tamara Dietrich Aug. 4--Last month, Del. Glenn Oder sat down with a car-title loan officer to find out how many ways he could get fleeced. To be fair, Oder doesn't characterize it as a fleecing. He considers it more of a fact-finding mission. The Republican from Newport News did so because

Publication: Daily Press (Newport News, VA)

Loans Secured by Car Titles Trap Borrowers in Cycle of Debt, According to National Consumer Experts; CRL/CFA Report Calls for Stronger State Protections.
Washington, April 14 /PRNewswire/ -- Cash-strapped families risk losing their cars in the latest form of high-cost small lending spreading across America, according to a new report from the Center for Responsible Lending (CRL) and Consumer Federation of America (CFA). Borrowers who put their cars

Publication: PR Newswire