Monthly Archives: February 2020

Why you should take a closer look at securities lending

At one point or another you might find yourself in a situation where you need the money right away. You might be caught off guard by an unexpected bill that needs to be paid now. If you have expenses that you need to cover, auto title loans are a great way to get money fast. Below, you will find some ...

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Car title loans face interest rate caps in Georgia Senate bill

ATLANTA — The practice of pawning your car title to make ends meet could get a little more restrictive in Georgia under a bill that has bipartisan support. Using a vehicle as collateral, auto-title loans provide small amounts of money quickly to cash-strapped borrowers, without the need for a credit check. The loans, which can carry high triple-digit interest rates, ...

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Georgia senator seeks to cap interest rates on car title loans

A proposed bill in the Georgia Senate would cap the interest rate on car title loans and limit the amount lenders could collect 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 as Robertson and Hufstetler are Republicans ...

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Auto title lending capped in Georgia Senate bill – news – the Augusta Chronicle

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 carry high triple-digit interest rates, ...

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Payday loans and car titles need reform

By Rabbi Gary S. CreditorWhen my wife and I applied for our first credit card, I eagerly waited for it to arrive. When we applied for our first car loan, I had no doubts that we would be approved. When we applied for our mortgage, I was also certain, but amazed at the amount of paperwork involved and the amount ...

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Arizona effort to restrict automatic securities lending not on November ballot

Activists who had hoped to offer Arizona voters controversial auto title loans in this fall’s election say they are abandoning the effort for now, citing a lack of money and time. Community groups including Arizonans for Fair Loan had tried to obtain more than 240,000 valid signatures to qualify the measure for the November ballot. Support for the proposal, which ...

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Ballot initiative to ban securities lending runs out of money

Supporters of a bid to ask voters to ban securities lending have quit amid the inability to raise the funds they need to get it – and keep it – in November’s ballot. Rodd McLeod, campaign consultant for Arizonans for Fair Lending, said the federal courts’ refusal to strike down a petition signing law has increased costs beyond the point ...

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