Title Loans news and trends

$9M CFPB Fine for Auto Title Debt Collector

September 27, 2016
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$9M CFPB Fine for Auto Title Debt Collector

September 27, 2016
The Consumer Financial Protection Bureau said on Monday (Sept. 26) that it has levied a $9 million fine against TitleMax, among the nation’s biggest auto title lenders, for misleading consumers over costs tied to loans and also for using unfair debt collection efforts. As reported by American Banker, the bureau said that the firm, which […]