Fred SchulteThe Center for Public Integrity
just just How millions in campaign contributions assist block rules to crack down on financing abuses
After many years of economic downs and ups, Gloria Whitaker required some cash that is quick help in keeping a roof over her mind.
So she and her son, Devon, went along to a TitleBucks shop in Las vegas, nevada and took down a $2,000 loan, pledging their gold 2002 Ford F-150 truck as security.
Whitaker, 66, said nobody verified she, or her jobless son, could repay the mortgage, which carried interest of 121.545 %.
She said, the company didnвЂ™t give back the title to the truck when she paid off the loan. Alternatively, workers talked her into borrowing $2,000 more, which plunged the family members deeper into financial obligation, she stated. (más…)