Jersey store

Car title loans face interest rate caps in Georgia Senate bill

ATLANTA – The practice of pledging car title to make ends meet could become a bit more restrictive in Georgia under a bill with bipartisan backing. By using a vehicle as collateral, auto title loans quickly provide small amounts of money to cash-strapped borrowers without the need for a credit check. The loans, which can […]

Jersey store

Georgia senator seeks to cap interest rates on auto title lending

A bill proposed in the Georgia Senate would cap the interest rate on auto title loans and limit the amount lenders could receive in the event of default. Senate Bill 329 was introduced in late January by State Senators Randy Robertson, Chuck Hufstetler, Zahra Karinshak, Ed Harbison and Sheikh Rahman. The bill is bipartisan because […]

Jersey store

Voting initiative to ban securities lending has run out of money

Supporters of an offer to ask voters to ban securities lending have resigned over the inability to raise the money they need to get it – and keep it – in the November ballot. Rodd McLeod, campaign consultant for Arizonans for Fair Lending, said federal courts’ refusal to overturn a petition signing law has increased […]