Lawmakers protect title loan businesses while borrowers spend sky-high interest levels

Lawmakers protect title loan businesses while borrowers spend sky-high interest levels

Fred SchulteThe Center for Public Integrity

Just just exactly How millions in campaign contributions assist block rules to crack straight straight down on financing abuses

After several years of monetary pros and cons, Gloria Whitaker needed some fast money to help to keep a roof over her mind.

So she and her son, Devon, went along to a TitleBucks shop in vegas 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 son that is jobless repay the mortgage, which carried interest of 121.545 per cent.

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