Month: June 2016
Jersey store

Michigan curbs illegal auto title lending

Financially troubled Michigan drivers who have turned to bad title loans for cash may find some relief after action by the state’s attorney general’s office. Michigan Attorney General Bill Schuette has fought to stop illegal auto title loan recoveries offered to Michigan consumers by Liquidation, which does business as AutoLoans, Sovereign Lending Solutions, Car Loan […]
Jersey store

Payday loans and auto title loans face tough new crackdown

Payday loans will be severely restricted under new rules proposed today by federal regulators. Primarily, the rules will require lenders to ensure consumers can afford to repay loans and will require lenders to report loans to a credit bureau-like entity to track the number of outstanding loans and the amount owed. . The rules proposed […]