Lawmakers protect name loan companies while borrowers spend sky-high rates of interest

Exactly just How millions in campaign contributions assist block regulations to crack straight straight down on financing abuses

This story was co-published with USA Today.

Introduction

After years of monetary pros and cons, Gloria Whitaker required some cash that is quick help to keep a roof over her mind.

So she and her son, Devon, decided to go to a TitleBucks shop in Las Vegas and took out a $2,000 loan, pledging his gold 2002 Ford F-150 truck as security. Continue reading