CFPB Finds One-in-Five Auto Title Loan Borrowers Have Actually Vehicle Seized for Neglecting To Repay Financial Obligation

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today issued a study discovering that one-in-five borrowers who sign up for a single-payment automobile name loan have actually their vehicle seized by their loan provider for failing continually to repay their financial obligation. In line with the CFPB’s research, a lot more than four-in-five among[…]