The very first by federal regulators to check out the automobile name industry that is lending that has grown dramatically

The very first by federal regulators to check out the automobile name industry that is lending that has grown dramatically

Might 18, 2016 The Wall Street Journal CFPB to Propose Payday Loan Rule on June 2 the customer Financial Protection Bureau set June 2 while the time it’s going to propose an extended awaited guideline to curb payday financing, moving one step closer to applying the initial federal legislation for a market now overseen by states. More Coverage: The Kansas City celebrity | Consumer watchdog team will hold general general general public hearing in KC on payday lending Consumer Financial Protection Bureau | Save the date, Kansas City, Missouri! Kansas City company Journal | Feds will hold hearing in payday lending capital of this U.S. KSHB | National payday lending hearing to be held in Kansas City KMBC | Federal hearing on cash advance industry become held in KC Credit Union occasions | CFPB Payday Rules anticipated Within months

Might 18, 2016 the newest York circumstances research Finds High Rate of Repossessions in Auto Title Loans The report may be the very very first by federal regulators to consider the automobile name lending industry, that has grown considerably because the recession but continues to be prohibited by 50 percent the nation. The outcomes can lead to extra laws in the industry, like its monetary cousin payday advances. Reprints: Yahoo Finance, vegas Sun, CNBC, SeattlePi, the headlines & Observer, InformationMax, WRAL and Times Union More protection: Los Angeles Circumstances | Consumer watchdog turns its attention to car name loans United States Of America Today | Single payment auto title loans are gateway to trouble, report suggests Yahoo Finance | 1 in 5 Title Loan Borrowers Forfeit Their Car, Report Finds Yahoo Finance | The nightmare of car title loans the brand new York Occasions | Single Payment Car Title Loans often leads to Long Term Debt Pittsburgh Post Gazette | Consumers warned about high cost auto title loans Las Vegas Review Journal | Most who take out automobile name loans turn to reborrowing, official says

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