Publisher -

Payday loans will be severely restricted under new rules proposed today by federal regulators.Primarily, the rules will require lenders to ensure consumers can afford to repay loans and will require lenders to report loans to a credit…

A new study from the Consumer Financial Protection Bureau shows how easy it is for cash-strapped borrowers to get drawn into a vehicle title loan debt trap. Auto title loans share many of the same nefarious qualities that have made their…

A report released Wednesday by the federal Consumer Financial Protection Bureau found high rates of vehicle repossession and long-lasting debt within the auto title lending industry.Auto title loans are meant to…

Most borrowers who take out a one-time payment car title loan end up borrowing again because they can't afford to make the payment when due, according to a new federal study.That's why a lot of auto title business comes from borrowers who…

According to a report released Tuesday by the Consumer Financial Protection Bureau, payday loans aren't the only type of expensive consumer credit that started out as a short-term financial fix but often turns into a long-term debt…

…

Remark: Recently released government data on small loans in New Mexico confirms what consumer advocates have known all along. Title loan borrowers might as well pay a thief to steal their…

Scott Sweetalla, an auto loan customer, had his car repossessed by a lender due to high interest rates.!-->…

When you're desperate for cash and run out of options, you might be willing to risk your car to save time.This is what happens with an auto title loan. You keep your car, but assign title to the lender who uses the vehicle as collateral.…

The rusty 1994 Oldsmobile that sat in an alley just outside of St. Louis was an unlikely ATM. That was until the owner of the car, a 30-year-old hospital lab technician, saw a TV commercial describing how to get money from such a car, in…

By Gitte Laasby from Sentinel Diary Around 19,000 customers from Wisconsin Auto Title Loans…

By Gitte Laasby of Sentinel Diary UPDATE: Checks have been issued as part of the Wisconsin Auto Title Loans Inc.…

A stock lending store in Nashville, Tenn. (Joe Howell/Vanderbilt) According to three researchers led by Vanderbilt's Paige Marta Skiba, the standard swipe at car title loans is a…

Associated press The payday loan industry is tempting cash-strapped Ohioans with an even riskier product: auto title loans.Consumers who cannot repay these expensive short-term loans could lose their car.Like payday loans, auto title…

Read In pictures: 8 ways to survive a market downturn You need money fast, but what if a bad credit rating prevents you from accessing traditional short-term loans or lines of credit? Taking out a car title loan is a way to get your hands…

(AOL Autos) -- Cash advances are not a new concept in American capitalism. Many people saw the ads with a guy barking, “Bad credit, no credit, no problem!” Or, "Don't worry about credit, I own the bank!" !--startclickprintexclude-->!--endclickprintexclude-->!--startclickprintexclude-->!--endclickprintexclude-->!--startclickprintexclude-->!--startclickprintinclude-->!-->!-->!-->!-->!-->…