Margaret Coker

Consumer Financial Protection Bureau Fines TitleMax $15 Million for Predatory Lending

The federal consumer watchdog group says the Georgia-based company intentionally evaded laws meant to protect military families from predatory lenders.

Inside the Controversial Sales Practices of the Nation’s Biggest Title Lender

Former TitleMax store managers told ProPublica and The Current about how they were trained to keep customers unaware of the true costs of their title pawns. When they were more transparent, they faced repercussions.

How Title Lending Works

Title lenders in the U.S. often use predatory practices to trap customers in high-interest loans, ProPublica recently reported. This guide will help you understand how title lending works and what your options are if you’re stuck in a contract.

How Title Lenders Trap Poor Americans in Debt With Triple-Digit Interest Rates

For some Georgia residents, title pawn contracts offer a quick way to obtain desperately needed cash. But poor regulation of a confusing system traps many borrowers in high-interest debt they can’t pay off.

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