Auto Title Lending Content

Auto Title Lending

CFPB’s New Payday Rule Creates Historic Protections, but More Reforms are Needed in Illinois

October 13, 2017

Last week, the Consumer Financial Protection Bureau (CFPB) finalized a historic, nationwide rule that reins in some of the worst abuses of payday and title lenders. The rule...

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Alternative Small Dollar Loans

Cynthia’s Story: Medical Bills & Title Loan Create a Debt Trap

October 3, 2016

Dangerous and abusive payday lenders, consumer installment lenders, and auto title lenders continue to strip wealth from Illinois communities. According to the Illinois...

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Auto Title Lending

Help us Curb Payday & Auto Title Lending

July 20, 2016

The Consumer Financial Protection Bureau (CFPB) recently released proposed rules that aim to curb some of the most abusive predatory lending practices. They are currently...

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Auto Title Lending

Webinar: Auto Title Lending in Illinois

November 19, 2015

Jody Blaylock from IABG and Spencer Cowan from Woodstock Institute hosted a webinar on the findings of our new report, No Right Turn: Illinois’ Auto Title Loan Industry...

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Auto Title Lending

No Right Turn

October 27, 2015

More and more Illinois consumers are turning to auto title loans in an attempt to make ends meet, and getting trapped in a long-term cycle of debt. These loans often have...

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Auto Title Lending

Jason and Amber’s Story: Choosing Between Loan Payments & Health

Last summer, Amber and Jason bought a new home for their family in Rantoul, Illinois. During their first weekend in their new home, the water main broke. Though they had...

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Auto Title Lending

Mark’s Story: Owing $15,000 for $2,500 in Loans

Mark has lived and worked in Chicago his entire life. For more than 42 years, he supported his family by working for the U.S. Postal Service. Since retiring, he spends time...

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Auto Title Lending

Paul’s Story: “I Was in a Bind.”

Paul lives with his two teenage daughters in the small town of Fairmount, Illinois. He has worked hard in the manufacturing industry for most of his life and is currently...

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Auto Title Lending

No Right Turn: Illinois’ Auto Title Loan Industry and its Impact on Consumers

October 22, 2015

Illinois consumers are increasingly turning to high-cost automobile title loans (title loans) in an attempt to make ends meet, but becoming trapped in debt. Title loans are...

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