Car Title Loan Regulation Rollback Leaves Customers at an increased risk

Car Title Loan Regulation Rollback Leaves Customers at an increased risk

A guideline to help make these loans less problematic will be placed on hold—possibly forever

A guideline planned to get into influence on August 19 that will make vehicle name loans a less dangerous trip has been delayed for 15 months by the Consumer Financial Protection Bureau.

These loans, by which borrowers set up their automobile as collateral, can be dangerous certainly. One out of nine vehicle name borrowers fall behind on payments and have now their vehicles repossessed, according to a 2015 study that is pewPDF). Continue reading Car Title Loan Regulation Rollback Leaves Customers at an increased risk