continuing the cycle of debt

(Ben Schumin)

Millions In Campaign Contributions Enable The Title Loan Cycle Of Debt

Each year, thousands of consumers lose their vehicles – often their largest asset – after taking out small-dollar, high-interest auto title loans to cover expenses. Despite hundreds of attempts by lawmakers to rein in the often predatory auto title market, generous campaign donations from the industry’s leaders have created a cycle in which consumers are plunged deeper into debt, while title lenders continue lining their pocketbooks.  [More]