By Kevin G. Hall – McClatchy DC On the website of the nation’s largest car-title lender TitleMax and its Florida subsidiary InstaLoan, a letter from Otto Bielss, company president, reassures customers that 1,176 locations nationwide are being...
More infoATLANTA (March 2, 2020) | Senate Bill 329, introduced by Senator Randy Robertson (R-Cataula), passed the Senate Finance Committee today. Also known as the Motor Vehicle Title Loan Act, this bill would close legal loopholes that currently allow car titles...
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By Riley Bunch – Valdosta Times Alice Harris was watching television with her two grandkids when a commercial came on for an auto title loan company. At that time in May 2017, she was in the thick of a custody battle and out of money to pay her...
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PHOTO: David Goldman By: Beau Evans, Capitol Beat News Service ATLANTA — The practice of pawning one’s car title to make ends meet could get a bit more restrictive in Georgia under a bipartisan bill filed in the 2020 legislative session...
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By Leah Dunn – WSB-TV (Watch Now) ATLANTA — Channel 2 consumer adviser Clark Howard says Georgians looking to borrow against the value of their vehicle need to understand that the loan may come with a big catch if it comes from a...
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By Willoughby Mariano – The Atlanta Journal-Constitution Georgia’s remains among the top three states in the nation for personal bankruptcy filings, even as the state unemployment rate drops to all-time lows. The state’s overall number of...
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By Michael E. Kanell and Greg Bluestein – Atlanta Journal-Constitution Atlanta-based Equifax on Monday announced it has reached a $700 million-plus settlement with the government that, pending court approval, will mean an end to legal...
More infoBy J. Scott Trubey – The Atlanta Journal-Constitution SunTrust Banks plans to double its annual community investment in metro Atlanta over the next three years, part of the company’s promise to remain a powerful local civic figure as it merges with...
More infoComments are due May 15, 2019 to urge the Consumer Financial Protection Bureau (CFPB) not to repeal the heart of the payday and car title loan rule. Georgia voters across the state overwhelmingly support reform of the predatory lending industry...
More infoWell, that’s easy, Renee McKoy thought, seeing the offer. The Gwinnett County woman knew she could buy shoes and groceries online. So why not also try to shop for a loan? She clicked an email link, squiggled a digital signature and watched $800 pop into...
More infoAtlanta, GA (CBS46) – A new federal rule aimed at protecting borrowers from predatory lenders is set to take effect this August. The rule includes a key provision for borrowers to show they could repay their loan. But the Consumer Financial...
More infoLast week, the Consumer Financial Protection Bureau (CFPB) moved to gut the agency’s own consumer protections against predatory payday and car-title lenders, leaving people exposed to the harms of these predatory products. Georgia thankfully already has...
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