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Customer security agency claims numerous borrowers left even even worse off

Organizations that produce tiny loans to economically stressed vehicle purchasers or any other low-income Americans could face tighter legislation.

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WASHINGTON (MarketWatch) — A federal watchdog agency on Wednesday slammed alleged auto-title loan providers, arguing the firms make use of short-term borrowers and then leave them financially worse off.

The buyer Financial Protection Bureau circulated a brand new report highlighting the risks of these short-term borrowing for consumers whom frequently lack other methods to fund the acquisition of vehicles. Read more