Pawnbrokers offer cash-strapped consumers an avenue to acquire quick cash in exchange for holding possession of their valuables, sometimes stepping into the world of such things as auto-title loans. One such company is now facing the ire of federal regulators for allegedly deceiving customers about the cost of its loans. [More]
annual percentage rate
Feds Sue Five Arizona Title Lenders For Failing To Provide Annual Percentage Rates On Ads
By 9.21.16
When taking out a loan or similar cash infusion that has to be repaid over time, it’s important — and required — that lenders provide borrowers with the annual interest rate they’ll be paying before the debt obligation is resolved. Today, federal regulators announced it sued five auto title loans companies for failing to provide that information to consumers in advertisements. [More]
