Lawmakers protect name loan companies while borrowers spend sky-high rates of interest

Lawmakers protect name loan companies while borrowers spend sky-high rates of interest

just How millions in campaign contributions assist block regulations to crack straight down on financing abuses

This story was co-published with USA Today.

Introduction

After several years of economic good and the bad, Gloria Whitaker required some fast money to help in keeping a roof over her mind.

So she and her son, Devon, went along to a TitleBucks shop in Las vegas, nevada and took away a $2,000 loan, pledging their gold 2002 Ford F-150 truck as security. Continue reading “Lawmakers protect name loan companies while borrowers spend sky-high rates of interest”