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car titles

Consumers pay steep rates for small loans

Need more proof that we need a strong independent financial watchdog for consumers? We just put out a report with the National Consumer Law Center and the Consumer Federation of America that shows consumers in most parts of the country are vulnerable to small loan rip-offs.

Categories: CFPB
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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 ofering a number of amendments to strengthen the bill so that it better protects consumers from unsafe financial products and creates new rules to stop banks from getting so big that they could threaten the financial system.

Categories: Banking, CFPB, Credit Cards, Credit Reports, Gift Cards, Government Issued Cards, Mobile, Mortgages, Payments, Payroll Cards, Prepaid Cards, Student Loans
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High-Cost Credit

Are you in debt with small, short-term loans?

Categories: Credit Cards, Credit Reports, Student Loans
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Coalition endorses bill to cap interest rates

Legislation introduced in Congress aims to stop predatory lending abuses by putting a ceiling on interest rates.

Categories: Banking, Credit Cards
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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 additional fees.

Categories: Uncategorized
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