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Car Title Loans

Car title loans are small loan secured by the title to the borrower’s paid-for-vehicle. Legal in less than half the states, title loans typically are due in full in one month and cost 300% APR plus...

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Coalition endorses bill to cap interest rates

100 + Diverse National and State Groups Support Durbin’s S. 500 Bill March 2, 2009 The Honorable Richard J. Durbin 309 Hart Senate Bldg. Washington, DC 20510 Dear Senator Durbin: We applaud you for...

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High-Cost Credit

Are you in debt because of short-term loans? Whether backed up by your paycheck, your car title or expected tax return, the results are the same: You end up paying too much to borrow a small amount of...

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Senate debate on financial reform heats up

Now that the Senate floor debate on financial reform has started in earnest, supporters are expected to offer a number of amendments to strengthen the bill so that it better protects consumers from...

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Consumers pay steep rates for small loans

Need more proof that we need a strong, independent watchdog for consumers as part of the financial reform bill? We just put out a report with the National Consumer Law Center and the Consumer...

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