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Consumer security agency claims borrowers that are many even worse off

Businesses that produce little loans to car that is financially stressed 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 businesses make the most of short-term borrowers and then leave them financially worse down.

The buyer Financial Protection Bureau circulated a brand new report showcasing the risks of these short-term borrowing for consumers whom frequently lack other methods to fund the acquisition of cars and trucks. Read more about MarketWatch web web web Site Logo a hyperlink that brings you back once again to the website.