Archive for the ‘title loan with lien holder’ Category

120 customer, Civil Rights, Community Groups Oppose HR 4439 and Sham Rent-a-Bank Payday Lending

Monday, October 5th, 2020

The 120 undersigned customer, civil liberties, work, community and appropriate solutions companies highly oppose HR 4439 (Hollingsworth), the alleged Modernizing Credit Opportunities Act. The bill will allow payday loan providers to utilize the print that is fine of terms and sham rent-a-bank plans which will make loans at 100% to 400per cent APR or more in states where those prices are unlawful. The balance would undercut the historic energy for the states to safeguard individuals from dangerous, usurious loans. [more…]