Tag: car title loans

CFPB sues, fines TMX Finance $9 million over misleading loans

CFPB sues, fines TMX Finance $9 million over misleading loans

| October 14, 2016

By Charlene Crowell (NNPA Newswire Columnist) Many consumers breathe a sigh of relief when their car loans are finally paid off. Gaining title to personal vehicles should free up monthly monies—unless that title is later used as collateral for a high-cost and abusive loan. Car-title loans provide a percentage of a vehicle’s total value in […]

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Ohioans lose more than $500 Million to payday, car title loan fees

Ohioans lose more than $500 Million to payday, car title loan fees

| November 24, 2015

By Charlene Crowell NNPA Columnist Despite a landslide voter decision in 2008 to cap payday lending rates at 28 percent, the state’s small-dollar, high-cost lending has continued to grow and now doubles the amount of fees charged a decade ago. Each year Ohio consumers who only needed a small dollar loan wind up with more […]

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